Yingli Green Energy Reports Second Quarter 2016 Results
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Yingli Green Energy (YGE) Tops Q2 EPS Views; Updates on Debt Repayment, Alr. Financing Plans
August 23, 2016 6:32 AM EDTYingli Green Energy (NYSE: YGE) reported Q2 EPS of $0.90, $1.25 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $379.8 million versus the consensus estimate of $408.13 million.
Total photovoltaic ("PV") module shipments1 were 662.0MW, compared to 508.1MW in the first quarter of 2016.
Updates on Debt Repayment and Alternative Financing Plans
As of the date of this press release, the Company's subsidiaries had medium-term notes, or MTNs, of RMB2,057.0 million outstanding, including RMB357.0 million of the MTNs issued in 2010 (the "2010 MTNs"), which became due on October 13, 2015; RMB1.4 billion of the MTNs... More
