Third Quarter 2014 Consolidated Financial and Operating Summary
Total net revenues were RMB 3,385.2 million (US$551.5 million).
Total PV module shipments (including shipments for PV systems) were 903.4 MW.
Gross profit was RMB 706.1 million (US$115.0 million), representing a gross margin of 20.9%.
Operating income was RMB 199.7 million (US$32.5 million), representing an operating margin of 5.9%.
On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (EBITDA) were RMB 495.7 million (US$80.8 million).
Net loss was RMB 122.8 million (US$20.0 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 0.68 (US$0.11). On an adjusted non-GAAP basis, net loss was RMB 112.0 million (US$18.2 million) and loss per ordinary share and per ADS was RMB 0.62 (US$0.10).
DAMN - it was very close to Neutral at 2.8 half hour ago and now its revised to 1.4 bearish once it drops below 1.0 then the category becomes very bearish. :-(
Man with all these new projects consolidated in one call their near and far future looks bright. The only big question is will the wall street thugs like it as much ?
I bought some, but want to wait till tomorrow to see the financial report. Just to be 100% sure before I put more money in.
Haha you're so conservative. I expect $40 by 2018. Why not break all time high when 2018 YGE will have record numbers.
Sentiment: Strong Buy
So far so good, for the past few days the after hours price never made sense hopefully this time it does :-) Good Luck Longs !
assuming at todays price in 2018 even if it goes to $15 thats 5 times the investment in 4 years. Not bad at all if its on course.
So far the Lux research I read couple years proved true. They predicted exponential growth for solar up until 2018. If it starts to plateau in 2018, then I'll evaluate my position. Being in a company with potential for exponential growth, that's a no brainer.
Sentiment: Strong Buy
Today they are +75 points on the positive side which is almost 100% jump from their previous predictions. See my previous posts on Marketclub and their ratings and how gradually YGE has moved from 100% negative to 75% positive over the days. Looking good so far.
same question here who bought that huge volume at the last second of the trading day today. I am optimistic in the sense that risk takers are big winners. No pain no gain. I have personally experienced big pain already so i guess i deserve to gain hee hee...
2377500 shares were bought right at the closing bell at $2.99 I just smell TIMBERRRRR !!! or did somebody just sell that boat load to get out of the wagon ? :-(
Crossing my fingers for tomorrow results. Nothing happened good for YGE in terms of profits for so long. I am not expecting to see Positive earnings but at least EPS should be lower than estimated negative value. I mean anything greater than -0.13.
Sunrise tomorrow will be a bright one or a cloudy one.. will wait and see.
I have risked my biggest investment in life on this earnings call and future guidance. If they miss then I got to wait until they are profitable. Taking a chance on Risk Vs Reward. Less than 17 hours to go and time will answer! Good Luck all....
I too have one account Long that makes no sense to touch/trade until 2019/2020 but had enough bales to establish another account in the Summer for the volatility/swings along the way :)
They could have had a profitable quarter IF they sold enough projects to cover debt interest quarterly payments. That aside, the pipeline is looking strong in the near term for the U.K. & Japan as already announced and for downstream projects in China (More to be known tomorrow) and who knows if more project wins, as in France, will follow as perhaps in the UAE, Brazil etc.
2018 ??? oh well then I just have to hang in there I guess. May be skim some options premiums until then :-)