Yingli Green Energy Reaches Historical High Module Shipment in Q4 2012
Full Year 2012 Module Shipment Exceeds 2.2 GW
BAODING, China, Jan. 7, 2013
BAODING, China, Jan. 7, 2013 /PRNewswire/-- Yingli Green Energy Holding
Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a
leading solar energy company and one of the world's largest vertically
integrated photovoltaic manufacturers, which markets its products under the
brand "Yingli Solar," today announced that, according to preliminary data, the
Company expects its module shipment for the fourth quarter of 2012 to reach a
new historical high. Therefore, the module shipment for full year 2012 is
expected to be more than 2.2 GW, beating the high end of its full year
shipment guidance of 2.1 GW to 2.2 GW.
"Despite the tremendous challenges to the global PV industry, we're extremely
inspired to have continuously expanded our market share throughout 2012 not
only in the existing markets but also a number of emerging markets," said Mr.
Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
"According to public data to date, we believe that Yingli has evolved into the
world's largest PV module supplier. This significant milestone is attributable
to our well-known brand, superior product quality and competitive cost
structure. Furthermore, we wouldn't have achieved this without the continuous
support from our customers and suppliers. We look forward to working more
closely with our partners in 2013 to embrace more growth opportunities."
About Yingli Gree n Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its
products under the brand "Yingli Solar," is a leading solar energy company and
one of the world's largest vertically integrated photovoltaic manufacturers.
Yingli Green Energy's manufacturing covers the entire photovoltaic value
chain, from the production of polysilicon through ingot casting and wafering,
to solar cell production and module assembly. In August 2012, Yingli Green
Energy reached a balanced vertically integrated production capacity of 2,450
MW per year at its production facilities located in Baoding, Haikou, Tianjin
and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic
modules to a wide range of markets, including Germany, Spain, Italy, Greece,
France, South Korea, China, Japan and the United States. Headquartered in
Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch
offices worldwide. Yingli Green Energy is publicly listed on the New York
Stock Exchange (NYSE: YGE). For more information, please visit
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates," "target"
and similar statements. Such statements are based upon management's current
expectations and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other factors, all of
which are difficult to predict and many of which are beyond Yingli Green
Energy's control, which may cause Yingli Green Energy's actual results,
performance or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and other
risks, uncertainties or factors is included in Yingli Green Energy's filings
with the U.S. Securities and Exchange Commission. Yingli Green Energy does not
undertake any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required under
For further information, please contact:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Head of Marketing
Yingli Green Energy Americas
Tel: +1 603 5915812
Marketing Communications Manager
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited
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