Yingli’s Solar Margin Cut in Half by Higher Production Costs
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Yingli Green Energy Holding Co. reported a profit margin in the second quarter that was about half of the previous level due to higher manufacturing costs and a drop in the sales price for its solar panels.
The Chinese manufacturer said it expects to report a gross margin on sales of photovoltaic panels of 7 percent to 8 percent, according to a statement on Friday on its website. That compares with a margin of 14.8 percent when first-quarter results were posted on June 5.