Yingli Green Energy Holding Company Limited (YGE) announced that its third quarter net income attributable to the company was RMB 120.85 million or US$17.70 million, compared to RMB 147.63 million in the third quarter of 2008.
Earnings per ADS for the quarter was RMB 0.79 or US$0.12, compared to RMB 1.14 in the prior year quarter.
Non-GAAP income attributable to company was RMB 184.24 million or US$26.99 million, compared to RMB 175.31 million in the prior year. Non-GAAP diluted earnings per share and per ADS RMB 1.20 or US$0.18, compared to RMB 1.34 a year earlier.
Total net revenues for the quarter were RMB 2.23 billion or US$325.98 million, compared to RMB 2.21 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.17 per share on revenues of US$328.64 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead, the company updated its annual PV module shipment target to be in the estimated range of 490 MW to 500 MW from the previous expected range of 450 MW to 500 MW for fiscal year 2009, which represents an increase of 74.0% to 77.6% compared to fiscal year 2008.
In addition, the company also updated its gross margin target for fiscal year 2009 to be in the estimated range of 19% to 20% from the previous expected range of 18% to 20%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.