Polaris solar PV net news: recently, Yingli Green Energy announced the initial results of the third quarter, the company shipped 360-370MW components in the third quarter, lower than the second quarter of 2016, 622MW, 6%-7% less than expected, higher than expected gross profit margin fell to 5%-6%.
Yingli Green Energy said the company expects its gross margin in the 5%-6% and PV module sales gross margin is expected to be within the range of 6%-7%, compared to the previous 12.5%-14% expected to drop sharply. Company said the main cause of decline in gross profit margin was under the influence of seasonal inventory impairment and low unit cost of production increased equipment utilization.
Full third-quarter results will be announced on December 8.
Original title: Yingli Green energy in gross profit in the third quarter fell