Yingli Green Energy reported a net loss of RMB297.6m ($43.9m) in the second quarter of 2017, compared with a profit of RMB71.8m in the same period last year.
The company didn’t give a specific reason for the loss, but noted that the gross profit – which was down to RMB53.5m from RMB460.1m – was hit by a fall in the average selling price of solar modules.
The fall was compounded by a decrease in shipments to Japan, where the average selling price is usually “higher that other markets”, Yingli said.
On a more positive note, revenue at the company increased to RMB3173.6m in the second quarter of the year, up from RMB2524.1m in 2016.
The company said a surge in shipments to China, ahead of a cut in the feed-in tariff, was the main reason for the improved revenue figures.
Overall, module shipments increased to 1146.6MW in the latest period from 662MW last year, Yingli said.
Image: Yingli Green Energy
