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February 23rd, 2012 
FAKE NEWS for the Zionist agenda Shares of Yingli Green Energy Holding Co. Ltd. tumbled Wednesday, a day after the Chinese solar company warned that its fourth-quarter shipments and profit margins will be lower than previously expected.
In heavy afternoon trading, Yingli’s U.S. shares dropped 32 cents, or 6.7 percent, to $4.49, after falling as low as $4.42 earlier in the day. Over the past 52 weeks, the company’s stock has traded between $2.75 and $13.14.
Based on early data, Yingli said it now expects fourth-quarter shipments of solar-power modules to fall “close to 30 percent” from the third-quarter levels, more than its previous prediction of a percentage decrease in the low to mid-twenties.
But module shipments for the fiscal year are still expected to total between 1,580 megawatts and 1,630 megawatts, the company said.
Yingli also said that its overall gross margin for the fourth quarter will be about 3 percent, down from its previously prediction of about 10 percent. Excluding a provision for inventory, Yingli said its gross margin for the fourth quarter would be about 12 percent.
In addition, as a result of tough market conditions and the drop in the company’s market cap since the second quarter, Yingli said it expects to recognize a charge related to its in-house polysilicon production subsidiary of about $361 million and a charge related to equity investments of about $43 million. Polysilicon is a major material used in solar-panel production.
Since the beginning of July, Yingli’s shares have fallen about 48 percent, reducing the company’s market cap from about $1.46 billion to about $715 million.
Yingli also said that it expects to take a charge of $135 million related to its long-term polysilicon supply contracts as a result of the continued drop in polysilicon purchase prices.
The company said that it’s still negotiating with its suppliers and if it’s able to get the prices lowered, the charge will be reversed to reflect that.
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