For the full year 2012, Yingli Solar earned US$1,828.5 million in net revenues
Gross loss was RMB 247.8 million (US$39.8 million) in the fourth quarter of 2012, compared to gross loss of RMB 507.8 million in the third quarter of 2012 and gross profit of RMB 77.3 million in the fourth quarter of 2011.
PV module shipment increased by 43.2 percent year over year to 2,297.1 MW. This is mainly because the strong demand from China. The company reported 40.6 percent increase in module shipments in the fourth quarter.
In the fourth quarter, demand in Europe remained stable as a result of continued demand from Germany and contributions from other European markets, while demand in the U.S. experienced a slight seasonal slowdown.
“The steady development of the utility market and the quickly growing distributed generation segment will likely catapult China to become the largest solar market in 2013,” said Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. “We expect to increase our module shipment volumes to China in 2013 by more than 40 percent compared with 2012.”
Due to the growing demand from China, U.S., Japan and other new markets, the company believes that the global solar market will continue to grow in 2013. Yingli Solar is also planning to strengthen their marketing and selling efforts in Japan and other regions with high potentials of solar applications, including South America, Southeast Asia and Africa.
The company has set a target to achieve 3.2 GW to 3.3GW of module shipment in 2013.
“In addition to further diversifying our sales geographies, we will focus on improving our profitability and optimizing our debt structure to enhance Yingli Green Energy’s ability to withstand future market volatilities. With these strategies and efforts in place, we are confident to further enhance our industry leadership in 2013,” Miao concluded.