Yingli Expects Slower Return to Profit as Shipments Surge

Yingli Green Energy Holding Co. Ltd. tumbled to its lowest this year after executives pushed back guidance for when the world’s largest solar-panel maker will return to profit.

The manufacturer based in Baoding, China, said it won’t be profitable until the third quarter of this year, at least three months later than Chief Financial Officer Wang Yiyu predicted in January. Yingli also predicted its shipments will rise as much as 31 percent this year, driven in part by sales in its home market.