LONDON, UK / ACCESSWIRE / January 16, 2018 / Active-Investors.com has just released a free earnings report on Yingli Green Energy Holding Co. Ltd (NYSE: YGE) ("Yingli Green Energy"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=YGE. The Company posted its financial results on December 19, 2017, for the third quarter of the fiscal year 2017 (Q3 FY17). The Baoding, China-based Company's total revenues grew on a y-o-y basis during the reported quarter; outshining market projections. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Yingli Green Energy Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
In Q3 FY17, Yingli Green Energy reported total net revenues of RMB1.68 billion ($252.30 million), up from the RMB1.46 billion recorded at the end of Q3 FY16, and topping market expectations of $242 million. The Company's total PV module shipments was 597.7 MW in Q3 FY17 versus 1,146.6 MW in Q2 FY17. Additionally, net revenues from sales of PV modules increased to RMB1.46 billion ($219.35 million) in Q3 FY17 from RMB1.24 billion in Q3 FY16.
The solar power Company reported a net loss of RMB2.34 billion ($352.31 million) in Q3 FY17 versus a net loss of RMB335.36 million in Q3 FY16. The Company's non-GAAP net loss came in at RMB330.03 million ($49.61 million) for Q3 FY17 versus a non-GAAP net loss of RMB345.28 million in Q3 FY16. Furthermore, the Company reported a non-GAAP diluted loss per share of RMB1.82 ($0.27) in Q3 FY17 compared to a non-GAAP diluted net loss per share of RMB1.90 in Q3 FY16. Moreover, loss per American Depositary Share (ADS) represented by ten ordinary shares was $19.4 during Q3 FY17 compared to loss per ADS of $18.5.
Operating Metrics
Yingli Green Energy's gross profit increased to RMB26.45 million ($3.98 million) during Q3 FY17 from RMB80.27 million in the past year's same quarter. However, the Company's gross margin fell to 1.6% in Q3 FY17 from 5.5% in Q3 FY16. Additionally, the Company attributed the y-o-y fall in gross profit to a lower selling price of the Company's PV module in Q3 FY17.
The Company's total operating expenses were RMB2.29 billion ($344.66 million) during Q3 FY17, down from RMB307.12 million in the prior year's comparable quarter. The Company reported a loss from operations of RMB2.27 billion ($340.69 million) during Q3 FY17 versus a loss from operations of RMB226.85 million in during Q3 FY16.
For the reported quarter, the Company's negative earnings before interest, tax, depreciation, and amortization (EBITDA) came in at RMB2.12 billion ($318.08 million) compared to a positive EBITDA of RMB25.70 million in Q3 FY16. Furthermore, the Company posted a comprehensive loss of RMB2.27 million during Q3 FY17 compared to a comprehensive loss of RMB362.93 million in Q3 FY16.
Balance Sheet
Yingli Green Energy had a cash and restricted cash balance of RMB776.73 million ($116.74 million) as at September 30, 2017, compared to RMB966.03 million at the close of books as on September 30, 2016. The Company's long-term debt stood at RMB3.06 billion ($460.66 million) as on September 30, 2017, versus RMB2.57 billion as on September 30, 2016. Furthermore, inventories balance was RMB1.06 billion ($159.04 million) as on September 30, 2017, compared to RMB1.66 billion as of September 30, 2016.
Outlook
In its outlook for the full fiscal year 2017, Yingli Green Energy revised its total solar module shipments expectations to 2.8 GW - 2.9 GW from its previous guidance range of 2.5 GW - 2.8 GW. Moreover, the Company projects to ship PV modules in the band of 700 MW to 800 MW during Q4 FY17.
Stock Performance Snapshot
January 12, 2018 - At Friday's closing bell, Yingli Green Energy Holding's stock fell 1.46%, ending the trading session at $2.02.
Volume traded for the day: 134.16 thousand shares.
Stock performance in the last month – up 8.02%; and year-to-date – up 19.53%
After last Friday's close, Yingli Green Energy Holding's market cap was at $29.51 million.
The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry. This sector was up 0.5% at the end of the session.
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