Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" is one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, recently announced its unaudited consolidated financial results for the quarter ended September 30, 2009. Shipment Volume Reached Record High and Increased More Than 80% Quarter over Quarter
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Yingli is one of the leading vertically integrated photovoltaic (PV) product manufacturers in China, through its principal operating subsidiary in China- Baoding Tianwei Yingli New Energy Resources Co., Ltd... "I am pleased to announce strong results for the third quarter, with record highs in shipment volume and net revenues and healthy growth in net income," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The main driving force for these results was increased market demand for our 'Yingli Solar' brand products as the solar project financing environment continued to improve and as we began to see the benefits of our recently implemented competitive pricing strategy, which leverages our favorable cost structure. Additionally, our continuous focus on high quality products and customer service enabled us to continue to expand our market share and raise recognition of our products in both established and emerging solar markets during the quarter, which we expect will help drive growth in the quarters to come." Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. With 600 megawatts of annual production capacity, Yingli Green Energy designs, manufactures, and sells PV modules. We also offer downstream PV system designs, assembly, installations that are connected to an electricity transmission grid or operate on a stand-alone basis. Headquartered in Baoding, China, and six overseas subsidiaries, Yingli Green Energy sells its PV modules to systems. Yingli is one of the leading vertically integrated photovoltaic (PV) product manufacturers in China. Yingli, through its principal operating subsidiary in China-Baoding Tianwei Yingli New Energy Resources Co., Ltd. designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to electricity transmission grids or those that operate on a stand-alone basis. Yingli is currently one of the largest manufacturers of PV products in China as measured by annual production capacity, with an annual production capacity of 400 megawatts of polysilicon ingots and wafers, 400 megawatts of PV cells and 400 megawatts of PV modules, as of September 2008.
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