Yingli Green Energy Expects Q1 Gross Margins to Be in the Range of 27% to 27.5%

Yingli Green Energy Holding Company Limited YGE which markets its products under the brand "Yingli Solar," today announced certain business updates. Based upon preliminary data for the first quarter of 2011, Yingli Green Energy expects to report that shipment in the first quarter decreased by a low teen percentage from the fourth quarter 2010, and gross margin will be in the estimated range of 27% to 27.5%. This compares to the Company's previously provided guidance for the first quarter of 2011 that shipment would increase by mid-single digit percentage quarter over quarter and gross margin would be in the range of 30% to 31%. For the first quarter of 2011, the Company expects its overall gross margin to be in the estimated range of 27% to 27.5%, and gross margin relating to the Company's in-house module production to be approximately 30%, compared to 32.9% in the fourth quarter of 2010. Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reaffirms its PV module shipment target to be in the estimated range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 60.1% to 64.8% compared to fiscal year 2010.