Yingli Green Energy (YGE) Reports Q4 Loss of $0.42, Beats on Revenues

Yingli Green Energy (NYSE: YGE) reported Q4 EPS of ($0.42), versus ($2.40) reported last year. Revenue for the quarter came in at $349.4 million versus the consensus estimate of $315 million.

Fourth Quarter 2017 Consolidated Financial and Operating Summary

• Total net revenues were RMB2,273.2 million (US$349.4 million), compared to RMB1,678.7 million in the third quarter of 2017.
• Total photovoltaic (\"PV\") module shipments were 837.9 MW, representing an increase of 40% compared to 597.7 MW in the third quarter of 2017.
• Gross profit and gross margin were RMB163.3 million (US$25.1 million) and 7.2% respectively, compared to RMB26.5 million and 1.6% respectively in the third quarter of 2017. Gross margin on sales of PV modules was 8.1%.
• Operating loss was RMB391.8 million (US$60.2 million), compared to operating loss of RMB2,266.7 million in the third quarter of 2017.
• On a non-GAAP(1) basis, earnings before interest, tax expenses, depreciation and amortization (\"EBITDA\") were negative RMB256.4 million (US$39.4 million), compared to negative RMB2,116.3 million in the third quarter of 2017.
• Net loss(2) and loss per American Depositary Share (the \"ADS\", one ADS represents ten ordinary shares) were RMB491.9 million (US$75.6 million) and RMB27.1 (US$4.2) respectively, compared to RMB2,344.0 million and RMB129.0 respectively in the third quarter of 2017. On an adjusted non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB286.7 million (US$44.1 million) and RMB15.8 (US$2.4) respectively, compared to RMB330.0 million and RMB18.2 respectively in the third quarter of 2017.

Full Year 2017 Consolidated Financial and Operating Summary

• Total net revenues were RMB8,363.7 million (US$ 1,285.5 million).
• Total PV module shipments were 2953.0 MW, exceeding the previous guidance of 2.8 GW to 2.9 GW and an increase of 36% from 2016.
• Gross profit was RMB304.8 million (US$46.8 million), representing a gross margin of 3.6%. Gross margin on sales of PV modules was 5.6%.
• Operating loss was RMB2,942.9 million (US$452.3 million).
• On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (EBITDA) were negative RMB2,299.2 million (US$353.4 million).
• Net loss was RMB3,318.0 million (US$510.0 million) and loss per ADS was RMB182.5 (US$ 28.0). On an adjusted non-GAAP basis, adjusted net loss was RMB1,127.7 million (US$173.3 million).

For earnings history and earnings-related data on Yingli Green Energy (YGE) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Reading (RDI) Tops Q2 EPS by 4c
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49