Yingli Green Energy (YGE, Financial) announced fourth-quarter 2014 net revenue of $ 555.5 million. It also declared non-GAAP adjusted EBITDA of $17.5 million during the fourth quarter of 2014. The important thing is that Yingli Energy is continuously witnessing solid demand for its Solar modules from Europe, Japan, China, the United States, and other innovative developing markets.
The way ahead
The shipments of Yingli in the United States and Europe remained robust during the year. Further,Yingli grew significantly in the new developing markets, with net shipments to these markets enhanced 90% to 490 MW on a year-over-year basis. Moving ahead, Yingli has developed into the lone and largest solar panel supplier for the major solar power projects in Honduras, Bolivia, and Malaysia.
Yingli has enhanced its dependence on the key markets of China, which currently makes approximately a third of yearly sales, behind Europe and the United States due to rigid anti-dumping duties imposed on solar products manufactured in the country.
Going forward, Yingli forecasts to ship about 3.6 to 3.9 gigawatts (GW) of solar products during the fiscal year 2015 as compared to 3.36 GW in the previous year.
The cooperative business policies of China is expected to benefit Yingli in a long-term, attracting significant company investments into the country coupled with an impressive growth witnessed in the United States, Japan, Europe, and other major countries.
China contributed nearly 37% of the company’s net PV module shipments in 2014. Japan grabbed second to the top slot in the PV market throughout the world and comprised nearly 18% of the company’s net PV module shipments in 2014. Yingli also believes the worldwide PV demand to improve continuously throughout 2015. The accelerated global growth of solar project is forecasted to enable the Company to supply approximately 400 to 600MW of PV modules for its own downstream PV projects during fiscal year 2015. Yingli estimates to connect approximately 400 to 600 MW of its own downstream PV projects to be connected to the grid by the concluding fiscal year 2015 depending on the present project development plan.
Conclusion
The significant global expansion of the market share for Yingli signifies the robust acceptance of its unique products and services among the key customers, driving notable company’s top line and bottom line along with superior shareholder returns.
