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Yingli Green Energy net revenues $438.1 million

Staff writer |
Yingli Green Energy Holding Company announced its unaudited consolidated financial results for the quarter ended June 30, 2015. Total net revenues were RMB2,716.1 million ($438.1 million).

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Total photovoltaic (PV) module shipments (including shipments for PV systems to the Company's own downstream PV projects[1]) were 727.9 MW.

Gross profit was RMB171 million ($27.6 million), representing a gross margin of 6.3%. The gross margin on sales of PV modules was 7.9%.

Operating loss was RMB178.3 million ($28.8million), representing a negative operating margin of 6.6%.

On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (EBITDA) were RMB198.8 million ($32.1 million).

Net loss was RMB598.1 million ($96.5 million) and loss per ordinary share and per American depositary share ("ADS") was RMB3.29 ($0.53). On an adjusted non-GAAP[3] basis, net loss was RMB596.9 million ($96.3 million) and loss per ordinary share and per ADS was RMB3.28 ($0.53).

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