Yingli Green Energy Holding Company Limited Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter Ended September 30, 2017; Provides Operating Guidance for the Fourth Quarter and Full Year of 2017; Reports Impairment of Property, Plant and Equipment and Impairment of Project Assets for the Quarter Ended September 30, 2017
For the quarter, the company reported total photovoltaic module shipments were 597.7 MW compared to 1,146.6 MW in the second quarter of 2017.
Based on current market conditions, the company's current operating conditions, estimated production capacity and forecasted customer demand, the company expects its PV module shipments to be in the estimated range of 700MW to 800MW for the fourth quarter of 2017 and raises its full year PV module shipments guidance to 2.8-2.9 GW from previous 2.5-2.8 GW.
For the quarter, the company reported impairment of property, plant and equipment of RMB 1,897,308,000 and impairment of project assets of RMB 144,433,000.