And hows that project focus going? They guided 400-600MW connected in 2014. They shipped only 260MW to projects in 2014. They guided 4GW to 4.2GW in shipments last year 2014 They missed projects by 400MW and missed modules shipments for revenues by 400MW.
oh and with that focus on projects, 7% growh year over year in 2014 when the market is growing 15-20% to 52-55GW from 46GW. The market is expected to grow 15-20% and they guided 7% total including projects.
Then again, where is the profits? Not in 2015 either...
What are smoking JFU11??? Yge trash never going to make any profit. The only one who makes money is Jasonfrank957. I think yge should make MORE sponsoring???? Yge chart says more than 1000 words....and it says that yge is f...... shithole in comparison to Jinko and Trina management. Do they also pay $40 Mio interest each quarter???? I don´t think so.
Gross profit and gross margin in 2014 were RMB 2,238.2 million (US$ 360.7 million) and 17.3%, significantly improved from RMB 1,458.9 million and 10.9% in 2013, respectively. The significant increase of both gross profit and gross margin were primarily due to the decreased cost of PV module as a result of the Company's continuous efforts on cost reduction through all processes of PV module manufacturing.
Sentiment: Strong Buy
You expected a company ran by the communist Chinese to make a profit? The employees cant even look at the Yingli facebook page!
Sentiment: Strong Sell
True (and Mr.Pre-Market agrees). However, it's the guidance I am interested in.
This company had negative shipment growth for revenues in 2014 as compared to 2013. Now they guide basic module shipments for revenues to flat for 2013. That is 2 years where the market has grown from 36GW to 52-55GW or 50% and yet their module shipments are flat to 2013. This company sucks donkey di...
"We are pleased to conclude another solid year in 2014, with full year module shipments hitting a record high of 3.3 GW and full year gross margin increasing to 17.3% from 10.9% in 2013, which was mainly attributable to our continuous efforts to diversify our market presence, reduce manufacturing cost and improve our profitability," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.”
"We were also on track to meet our guidelines for downstream business. In 2014, we shipped 261 MW of PV modules to our own downstream power plants in China."
Sentiment: Strong Buy