- Gorss Margin 22.3% v 23.7% y/y
- FX Loss (Gain) -CNY133.1M v +CNY14.0M y/y

- "The Company's business operations continued to be strong during the third quarter of 2008," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "Net revenues continued to grow with increased PV module shipments and output, which benefited from our broad customer base and well-recognized brand name. The total shipments for the first three quarters of 2008 were on track, accounting for 75.1% to 72.4% of our shipment guidance of 270 MW to 280 MW for 2008. Looking forward, we believe Germany will remain a major growth driver of the global PV market while the PV market in the US has gained additional visibility with the extension of the Investment Tax Credit in early October 2008. In addition to these two markets, we plan to further expand our sales in emerging PV markets including South Korea, Italy, France, Belgium and China.

Other headlines for [YGE]

• YGE Yesterday 05:50am
  Yingli Green Energy - ADR Buys Grand Avenue's Cyber Power unit- Pursuant to the Agreement, Yingli Green Energy paid Grand Avenue approximately $77.6M, of which $25M had been paid in November 2008 pursuant to the previously more...
  
• YGE 1/5/2009 10:23am
  Yingli Green Energy - ADR Signs 15MW sales contract with Goldbeck Solar- Under the terms of the contract, Yingli Green Energy is expected to supply a minimum of 15 MW of PV modules to GOLDBECK Solar in 2009. In addition, the more...
  
• YGE 12/23/2008 05:58am
  Yingli Green Energy - ADR Signs 8 year $70M loan with China Development Bank to support expansion plan- Under the agreement, CDB has agreed to provide to Yingli China, subject to certain conditions, an aggregate of $70M to more...
  
• YGE 12/19/2008 05:59am
  Yingli Green Energy - ADR Signs sales agreements with two German PV system integrators- Under the sales agreement with City Solar, one of the leading German developers and turnkey providers of large-scale PV power plants, more...
  
• 12/10/2008 07:54am
  Friedman Billings makes cautious comments on Solar PV firms noting excess inventory in market- Notes that while current financial crisis had impact on firms Q3 results, an apperant growth in supply more...
  

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