Yingli Unit to Halt Dividend and Slow Investment to Repay Debt

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Pop2mollys

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Friday, June 14th 2013, 12:14am

Yingli Unit to Halt Dividend and Slow Investment to Repay Debt

The company said its capital and cash flow have “obviously improved” since the first quarter as prices rebounded and gross margins started to recover. Gross margin shows how much a company earned after paying production expenses, employee salaries and plant utility bills.
Yingli Energy expects its gross margin to widen to 11 percent in the second quarter from 4 percent in the first three months even after the EU’s initial import tariffs.

http://www.bloomberg.com/news/2013-06-14…repay-debt.html

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Pop2mollys

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Friday, June 14th 2013, 12:22am

YGE sounds very bullish about Q2. They guided 9-11% GM in CC. I guess they are confident they will hit top end of that range at 11% according to comments in article.

This post has been edited 1 times, last edit by "Pop2mollys" (Jun 14th 2013, 12:39am)

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Klothilde

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Friday, June 14th 2013, 12:39am

They guided 9-11% GM for Q2. They do sound very upbeat though, especially about improving ASPs. And as a matter of fact ASPs in Europe did go up 5-10% after the start of customs regiistration beginning of march.