Yingli Green Energy Holding, a leading China-based PV module maker and PV system EPC (engineering, procurement, construction) contractor, expects operations to swing from continual losses since the second quarter of 2011 to profitability in the second quarter of 2014, according to China-based media reports.
Yingli estimates first-quarter gross margin at 15.5-16.5%, increasing 11.4-12.4pp on year, the reports noted.
As of the end of 2013, Yingli had completed a total installation capacity of 128MWp in PV power-generating stations in China. Yingli has won new PV power station contracts with a total installation capacity of about 1GWp from several provincial governments in China, and will complete a capacity of 400-600MWp in 2014, the reports indicated.
In addition, Yingli has obtained contracts to set up PV power stations overseas with a total installation capacity of about 200MWp and expects to complete 30-50MWp in 2014.
Yingli produces crystalline silicon solar cells mainly for in-house PV modules, with an average energy conversion rate of 19.7% for monocrystalline silicon solar cells and 17.6% for polycrystalline models.
Yingli aims to ship 4.0-4.2GWp of PV modules in 2014, growing 27% on year, the reports indicated. Of the target shipments, 30% will be to the domestic market and 40% to emerging markets overseas.