Yingli Q2 Shipments Hit All-Time High

Enter Q2 2013 in the record books for Yingli Green Energy . During the period, the company notched its all-time high in PV module quarterly shipments, increasing them by nearly 24% on a quarter-over-quarter basis. That boosted Q2 net revenues to 3.4 billion yuan ($550 million), up from the 3.1 billion ($502 million) in the same period the previous year. Attributable net loss tapered considerably to 320.8 million yuan ($52 million, or $0.33 per diluted share) from Q2 2012's 573.0 million yuan ($93 million; $0.59) shortfall.

Analysts had been expecting a top line of $506.7 million and a per-share loss of $0.32.

Yingli also provided forward guidance. For the entirety of fiscal 2013, it believes PV module shipments will total 3.2 GW-3.3 GW. That would be an improvement of 39.4%-43.7% over 2012's figure.

The article Yingli Q2 Shipments Hit All-Time High originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Yingli Green Energy. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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