珠寶│玉石現金回饋5%：ezo.tw/anz

最近想要找英文補習班，但是我發現到很多都是浪費錢學英文。

常常到了公司要我開英文會議時，就發現到我英文補習班英文程度很差，到英文補習班學的全都白費了。

後來我才發現，是我選擇的英文補習班錯了，大多會教口說的的英文補習班，都是在這邊學的。

同事報名過後也讓英文程度突飛猛進，真的如果我早知道，我也跟他一起去補這家了！

還有哪些英文補習班呢？

• 府會園道英文補習班推薦
• 宜文街英文補習班推薦
• 部仔坑路英文補習班推薦
• 福安十一街英文補習班推薦
• 崇廉街英文補習班推薦

課程量身訂做 完美符合個人需要

時間自由安排 從容兼顧工作家庭

能力輕鬆維持 全英文環境免出國

TutorABC讓您用對的方式學英文！

一起來看看Lucas在TutorABC上課前與上課後的差異吧！

Lucas上課前的英文

Lucas上課後的英文

(1,401,335)

7,246,760

27,108,450

268,399

Total shareholders' equity/(deficit)

(47.6)

US$

181,763,770

4,038

5,253

Sales of PV modules



926,165

Total net revenues were RMB 2,110.0 million (US$ 325.7 million) in the fourth quarter of 2015, compared to RMB 2,233.9 million in the third quarter of 2015 and RMB 3,446.5 million in the fourth quarter of 2014. Total PV module shipments were 504.5 MW in the fourth quarter of 2015, compared to 460.4 MW in the third quarter of 2015 and 939.2 MW in the fourth quarter of 2014.



(1.97)





(358,160)







181,763,770







• Provision for prepayments in relation to inventory purchase commitments. In 2015, the Company recorded provisions of approximately RMB 522.1 million for the prepayments to certain supplier under the Company's long-term polysilicon supply contracts as a result of the reassessment of the purchase commitments under those supply contracts. No such provision was made in 2014.




43,554







(In thousands)









(303,123)













(22,632)



• Total photovoltaic ("PV") module shipments¹ were 504.5 MW¹, increased from 460.4 MW¹ in the third quarter of 2015, well above the Company's previous guidance of 420 MW to 440 MW.


Passcode: 73401201



305,998















Operating expenses in 2015 were RMB 5,415.4 million (US$ 836.0 million), compared to RMB 2,453.4 million in 2014. Operating expenses as a percentage of net revenue increased to 54.3% in 2015 from 19.0% in 2014. The increase in operating expenses was mainly due to:



Project assets









-







(1,355,161)



(34,932)



工業十五路英文補習班推薦

Cost of revenues:



Net loss attributable to Yingli Green Energy

















(7.92)





September 30, 2015





Basic









59,074





(154,059)







Accumulated other comprehensive income











• Operating loss was RMB 4,228.0 million (US$ 652.7 million).




Operating Expenses







46,611





Interest expense















46,051







(11,996)



Prepaid expenses and other current assets













• Provision for reserve for inventory purchase commitments. In 2015, the Company recorded provision for reserve for inventory purchase commitments of RMB 77.7 million while no such provision was made in 2014.






3,987





Total Current assets



1,056,915



(910,623)



27,791



(3,200,231)







1,369,662



2,576,076



Unaudited Condensed Consolidated Balance Sheets



85,758







Diluted



181,343



Prepayment to suppliers











63,560



Foreign Currency exchange translation adjustment, net of nil tax





266,661



451,153



2,129





(12.76)





Diluted





10,112,055





Diluted



857



• Gain on disposal of long-lived assets and land use rights. In 2015, Fine Silicon, one of the Company's subsidiaries in China, disposed its long-lived assets and land use rights and the Company recognized a disposal gain of RMB 1.2 billion.






(12.2)















(12.2)





181,763,770







357,202













Gross profit was RMB 248.3 million (US$ 38.3 million), representing a gross margin of 11.8%. Gross margin on sales of PV modules was 13.5%.





Impairment of long-lived assets. Due to the decreased shipment, gross margin and lower-than-expected utilization of production facilities, the Company did an impairment analysis on its long-lived assets in 2015 and recorded an impairment loss of RMB 3.8 billion for property, plant and equipment with respect to the production facilities based on the difference between carrying value and fair value of such long-lived assets.





Disposal gain from long-lived assets and land use right in relation to a









1,408,531













Total liabilities



(230,570)





Net loss was RMB 5,600.5 million (US$ 864.6 million) and loss per ADS was RMB 308.1 (US$ 47.6). On an adjusted non-GAAP basis, adjusted net loss was RMB 2,320.1 million (US$ 358.2 million) and adjusted loss per ADS was RMB 127.6 (US$ 19.7)







(30.3)



70,969





(13,252,929)



(1,485,608)



















Disposal gain from long-lived assets and land use right in relation to a subsidiary



180,025



Tel: +86 312 8929787





(131,884)





(268,399)





(1,378,568)











portion







2,405,898

Total Net Revenues







"In 2015, despite the financial challenges, we achieved satisfactory performance in overseas markets. We achieved significant growth in Japanese market with annual shipment to Japan increased by over 18% year-over-year and the quarterly shipment to Japan accounted for approximately 30% of our total shipment in the fourth quarter of 2015. We have seen strong momentum in North Americas as we continued deliveries to repeat customers across the United States and began deliveries to a large utility scale project in Texas. The downstream project portfolio of Yingli Europe has more than doubled since our last earnings call with over 70% of Yingli Europe's project portfolio located in emerging African markets. We also had a sound presence in various emerging markets with total sales to such markets representing 18.3% of total revenues in 2015, increased from 14.8% in 2014 and we delivered 120 MW solar panels to the largest hybrid solar photovoltaic and concentrated solar power plant in Latin America and 125 MW solar panels to a solar power plant in Algeria."



1,118,707









US$







(3,220,227)







Less: Loss attributable to the non-controlling interests







185,397







(81)







555,520



3,232,548



248,282





(488,023)

EBITDA









Reconciliation of EBITDA and adjusted EBITDA measures to loss before income tax & minority interest measures





Liquidating Land Use Right Held by Hainan Yingli









15,660,717



(483,069)

















Total Current liabilities





Less: Comprehensive loss attributable to the non-controlling interest





[2] All non-GAAP measures other than EBITDA exclude, as applicable, share-based compensation, interest expenses related to the changes in the fair value of the interest rate swap and the amortization of the debt discount, the amortization of intangible assets, inventory provision, impairment of long-lived assets and losses on inventory purchase commitments. EBITDA excludes interest, tax expenses, depreciation and amortization. For further details on non-GAAP measures, please refer to the reconciliation table and a detailed discussion of the Company's use of non-GAAP information set forth elsewhere in this press release.



Fourth Quarter 2015 Financial Results



1,301,681









For the three month ended



(1,845)









RMB





411,732













(17.61)











(3.03)



Shareholders' deficit:



















































































(229,338)
-
(5,600,526)	(79.2)				(1,861,762)		582,468		(4,712,151)	721,651	(7.92)		(246,120) A replay of the conference call will be available until May 18, 2016 by dialing: Gross Profit and Gross Margin
(1.22)





















































































































On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization ("EBITDA") were negative RMB 827.7 million (US$ 127.8 million) in the fourth quarter of 2015, compared to negative RMB 2,592.1 million in the third quarter of 2015 and RMB 94.2 million in the fourth quarter of 2014.







Safe Harbor Statement













International Dial-in Number: +1-646-254-3697









Income tax expense was RMB 731.2 million (US$ 112.9 million) in 2015, compared to income tax expense of RMB 89.7 million in 2014. The increase of income tax expense year-over-year was primarily due to assessment on recovery of deferred income tax assets which resulting in an additional valuation allowance of deferred income tax assets as well as the realization of deferred tax assets upon the disposal of Fine Silicon land use rights in 2015.





































Full Year 2015 Financial Results









































portion of medium-term notes and long-term





















































































































































































Gross profit was RMB 248.3 million (US$ 38.3 million) in the fourth quarter of 2015, compared to RMB357.2 million in the third quarter of 2015 and RMB 578.7 million in the fourth quarter of 2014.





Email: ir@yingli.com





Yingli Green Energy will host a conference call and live webcast to discuss these results at 8:00 AM Eastern Daylight Time (EDT) on May 11, 2016, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day.

















Provision for doubtful accounts receivable. As a result of certain customers' prolonged failure to settle accounts receivable and the continuing deterioration of their financial condition and creditworthiness, the Company made a total provision of RMB 404.3 million (US$ 62.4 million) in 2015 for the doubtful accounts receivable related to these customers, while the Company made provision for doubtful accounts receivable of RMB 169.4 million in 2014. Such provision was included in the Company's general and administrative expenses.













"In 2016, with a series of supportive policies for the solar industry issued by the Chinese government, we will strive to continue to strengthen cooperation with our large clients such as state-owned enterprises controlled by central and local governments in China as well as influential private enterprises, funds, EPCs with strong financial background in order to increase our sales in the domestic market and accelerate our working capital turnover. By the end of April, we had secured PV module orders of over 700 MW from China in 2016, among those, more than half are covered by full amount cash prepayment agreements."

































Solely for the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB 6.4778 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board as of December 31, 2015. No representation is intended to imply that these translated Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollar amounts at such rate, or at any other rate. The percentages stated in this press release are calculated based on Renminbi amounts.





















On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (EBITDA) were negative RMB 3,021.2 million (US$ 466.4 million).



























EBITDA





Balance Sheet Analysis

Currency Conversion















For further information, please contact:































As of December 31, 2015, the Company had RMB 1,240.7 million (US$ 191.5 million) in cash and cash equivalents, increased from RMB735.0 million as of September 30, 2015.











The increase in operating expenses was partially offset by:



























































5,553		(75,338)	(11,996)
Interest expense	8,403,382	-
(520,953)		2,723,190	(573,792)	(29,473)		(172,943)
Income tax expense	Other liabilities
(8,778,456) Gross profit and gross margin in 2015 were RMB 1,187.3 million (US$ 183.3 million) and 11.9%, decreased from RMB 2,238.2 million and 17.3% in 2014, respectively. The decrease of both gross profit and gross margin year over year was mainly due to an increase in unit production cost of PV modules as a result of the lower-than-expected utilization rate of production facilities and the decline in average selling price of PV modules.	(638,288)
7,234,810
(34,027)
(19,656)
(61,285)	Ordinary shares
1,587,675	46,312 Total Net Revenues
747,903
423,301
-
-	Total Yingli Green Energy shareholders' deficit
(2,045,900) subsidiary
(10,050,844)
		188,014		43,317	-
(31,930) Excluding the impact of non-cash impairment charge on long-lived assets, gain on disposal of long-lived assets and land use rights, provision for prepayments in relation to inventory purchase commitments, provision for doubtful accounts receivables and provision for reserve for inventory purchase commitments, the decrease of operating expense from 2014 to 2015 was mainly due to the decreased PV module shipments as well as research and developments expenses.	22,791	13,791	(749) commitments			(127,331)	(20,487)
(1,095,145)
53,834		(1,449,150) 37,437 181,763,770 1,079,358 28,527	(778,740)		(217,364)
(74.9)	RMB	(14,065)		(396,991)									(1,352,892)		38,328 "We are pleased to announce that we have improved the overall utilization rate of our production capacity to more than 80% in the fourth quarter and achieved an annual PV modules shipment of over 2.4GW in 2015 with support from local governments, banks and business partners, despite our tight operating cash flow during the period as a large amount of medium-term notes became due and we repaid a substantial portion of them in 2015," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.		3,208,441		(79.2)		YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES				(1,438,997)		(211,579)		(727,431)
371,407	[4] On December 28, 2015, the Company effected a change of the ratio of its ADSs to ordinary shares from one (1) ADS representing one (1) ordinary share to one (1) ADS representing ten (10) ordinary shares. Unless otherwise indicated, ADSs and per ADS amount in this press have been retroactively adjusted to reflect the change in ratio for all periods presented.	Weighted average ordinary shares
		Cash flow hedging derivatives, net of nil tax	(977,176)	Reconciliation of Non-GAAP measures to GAAP measures						(1,876,683) Foreign currency exchange loss was RMB 132.7 million (US$ 20.5 million) in 2015, compared to RMB 243.4 million in 2014. The decrease in foreign exchange loss year over year was mainly due to less depreciation of Euros and Japanese Yen against Renminbi in 2015, and to the fact that the Company had a balance of net current assets denominated in Euro and Japanese Yen.
Net loss
		181,763,770		Loss before income taxes
(211,271)
(3,804,116)
(368,175) Net Loss		(4,228,025)
General and administrative expenses
Total cost of revenues	59,026 U.S. Toll Free Number: +1-855-452-5696		(4.76)
(365,382)		Unaudited Condensed Consolidated Statements of Comprehensive Income								Land use rights
(223,711)
-	Short-term borrowings, including current The decrease in total net revenues in the fourth quarter of 2015 compared to the third quarter of 2015 was mainly due to the lower average selling price of PV modules as a result of higher proportion of shipment to China.	5,779	2,099,082	(538,838)		Land, property, plant and equipment, net	Gross profit			(In thousands, except for ordinary shares, per share and per ADS data)						-
(208,851)
(120,446)		Provision for prepayments in relation to inventory purchase Foreign currency exchange loss was RMB 29.5 million (US$ 4.6 million) in the fourth quarter of 2015, compared to foreign currency exchange gain of RMB 37.7 million in the third quarter of 2015 and foreign currency exchange loss of RMB 120.4 million in the fourth quarter of 2014. The foreign currency exchange loss recognized in the fourth quarter of 2015 was mainly due to the depreciation of Renminbi against US dollars and the appreciation of Renminbi against Euros, as well as the fact that the Company had a balance of net current assets denominated in Euro and a balance of net liabilities denominated in US dollars.
22,352,433 Foreign Currency Exchange Loss (Gain)			Interest income	-	(112,876)	Net loss attributable to Yingli Green Energy
Net loss attributable to Yingli Green Energy			(7.92)		(550,046)
December 31, 2014		(3,007) Fourth Quarter 2015 Consolidated Financial and Operating Summary								181,763,770
(1,131,450)	(2,688,151)		December 31, 2014	(2,863,025)		RMB	Research and development expenses	459,721	181,763,770		1,028,876		Provision for prepayment in relation to inventory purchase commitments			27,108,450
100,980	(1,497,233)
(88,119)		1,982,196	1,563,569
		(3,029,348)
(2.14)
147,633
Comprehensive loss attributable to Yingli Green Energy				1,484,314
(2,320,092)
181,763,770	3,446,511		Inventory provision			(215,194)	(287,407)	(127,780)	(74,572)
Loss per ordinary share	(1,120,289)
(587,254)
(910,623)	Other income(expenses)
Cash flow hedging derivatives, net of nil tax
(7,329,306)
Impairment of long-lived assets	Long-term debt, excluding current portion	September 30, 2015			(550,046) Interest expense in 2015 was RMB 977.2 million (US$ 150.9 million), compared to RMB 1,015.9 million in 2014. As of December 31, 2015, the Company had an aggregate of RMB 11.8 billion (US$ 1.8 billion) of borrowings and medium-term notes outstanding, compared to RMB 14.7 billion as of December 31, 2014. The weighted average interest rate for the Company's borrowings in 2015 was 6.39%, which decreased from 6.44% in 2014.		4,256
184,799	Reconciliation of EBITDA and adjusted EBITDA measures to loss before income tax & minority interest measures								7,195	Interest expense
Non-GAAP diluted loss per ordinary share	(1,401,335)	(4,550)	252,091			Comprehensive loss attributable to Yingli Green Energy			Interest income	(2,592,078)			(176.1)		9,009	(3,804,116)
2,858,153			(1.22)	4,334,023
Total operating expenses	183,292	(5,939,684)	173,613,085 -Total PV module shipments for the fourth quarter of 2015 increased 10% QoQ, well above its previous guidance
1,187,330
(229,338)	(77,705)	YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES
9,965,786
(3,804,116)		611,389	(1.22) To supplement the financial measures calculated in accordance with GAAP, this press release may include certain non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted operating expenses adjusted operating profit or loss, adjusted operating margin, adjusted net income (loss), adjusted diluted earnings (loss) per ordinary share and per ADS and EBITDA, each of which (other than EBITDA) is adjusted to exclude, as applicable, items related to share-based compensation, interest expense related to the changes in the fair value of the interest-rate swap and the amortization of the debt discount, the amortization of intangible assets, inventory provision, impairment charge on long-lived assets, gain on disposal of long lived assets and land use rights, provision for prepayments in relation to inventory purchase commitments, and provision for reserve for inventory purchase commitments. EBITDA excludes interest, tax expenses, depreciation and amortization. The Company believes excluding these items from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's on-going performance as such items are not directly attributable to the underlying performance of the Company's business operations and/or do not impact its cash earnings. The Company also believes these non-GAAP financial measures are important to help investors understand the Company's current financial performance and future prospects and compare business trends among different reporting periods on a consistent basis. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. For a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see the financial information included elsewhere in this press release.
Comprehensive loss
(1,180)
		(273)
For the three month ended
753,270			-		Basic	Cost of PV modules sales	(13,100)
3,450,621
	December 31, 2015			(150,850)	Weighted average ordinary shares outstanding





As of December 31, 2014









1,519,045

Operating loss was RMB 1,120.3 million (US$ 172.9 million) in the fourth quarter of 2015, compared to operating loss of RMB 2,863.0 million in the third quarter of 2015 and operating loss of RMB 200.0 million in the fourth quarter of 2014.

















(5,898,836)



As of December 31, 2015, the Company's accounts payable had decreased to RMB 3,960.5 million (US$ 611.4 million) from RMB 4,802.8 million as of September 30, 2015. Days payable outstanding were 191 days in the fourth quarter of 2015, decreased from 236 days in the third quarter of 2015.



(488,023)













181,763,770









(2.94)







496,621







37,677



(84,858)



















6,846,482













LIABILITIES AND SHAREHOLDERS'















Operating Loss and Margin





58,610



-



Disposal gain from long-lived assets and land use right in relation to a subsidiary





Retained earnings

Debt Restructuring and Introduction of Strategic Investors





111,193







(20,487)





















Investments in affiliated companies



Loss before income taxes and non-controlling interest

Income tax expense was RMB 132.7 million (US$ 20.5 million) in the fourth quarter of 2015, compared to income tax expense of RMB 365.4 million in the third quarter of 2015 and income tax expense of RMB 88.1 million in the fourth quarter of 2014. Income tax expense in the fourth quarter of 2015 was significantly lower than third quarter of 2015 primarily because recovery and additional valuation allowance of deferred income tax assets of Fine Silicon were recorded in the third quarter of 2015.



Tianwei Yingli, a major subsidiary of the Company, repaid approximately 70% of the RMB denominated unsecured five-year medium-term notes of RMB1.0 billion (the "2010 MTNs") when they became due on October 13, 2015, and has RMB denominated unsecured five-year medium-term notes of RMB1.4 billion (the "2011 MTNs") due on May 12, 2016. As disclosed in the Company's press release dated April 6, 2016, Tianwei Yingli informed holders of the 2011 MTNs that it would be very difficult for Tianwei Yingli to repay the 2011 MTNs on the due date and Tianwei Yingli proposed to extend the repayment date by two to three years; and holders of the 2010 MTNs demanded Tianwei Yingli to repay the remaining portion of the 2010 MTNs in full together with accrued interests before May 12, 2016. Tianwei Yingli expects to be unable to repay the 2011 MTNs or the 2010 MTNs on May 12, 2016, and is still in the process of actively discussing with the holders of the 2011 MTNs and the 2010 MTNs about potential extension of the repayment dates of both MTNs. The Company is exploring various alternative financing plans for repayment of both MTNs such as: 1) introduction of strategic investors to invest into the Company and the Company's subsidiaries, 2) introduction of new creditors to grant new borrowings to the Company or the Company's subsidiaries, and 3) sales of certain long-lived assets including land use rights to obtain additional funds.





-



(1,493,587)



355,576









194,499



(4,256)







(176.1)



The decrease of operating expense was mainly because the Company recognized a non-cash impairment charge on long-lived assets totaling RMB 3.8 billion in the third quarter of 2015, which was partially offset by a gain from disposal of the land use rights held by Fine Silicon, while no such impairment charge and disposal gain was recognized in the fourth quarter of 2015. The decrease was also partially offset by the increase of provision for prepayments in relation to inventory purchase commitments, provision for doubtful accounts receivables, and provision for reserve for inventory purchase commitments from the third quarter to the fourth quarter of 2015.













Net loss



Treasury stock



(609,072)





(3,394,730)

The Company's subsidiaries are exploring various potential debt restructuring options in order to improve theirs liquidity and debt-to-equity ratio and reduce cash outflow from debt repayments. In particular, the Company's subsidiaries have been proactively negotiating with main bank creditors and holders of their medium-term notes ("MTNs") to try to find viable solutions. The Company understands that these bank creditors and holders of MTNs as well as the relevant state, provincial and municipal government authorities are aware of the difficulties in repayment of such debts and have expressed their understanding and continuous support. The Company and its subsidiaries are also negotiating proactively with potential strategic investors for potential strategic investments in the Company or its subsidiaries. Such debt restructuring and strategic investments, if successfully completed, will further increase the Company and its subsidiaries' liquidity and improve their debt-to-equity ratio.



(1,485,608)













Other comprehensive income (loss)





Current assets:

















(1,368,571)





Foreign Currency exchange translation adjustment, net of nil tax





19,750

Conference Call



(83,863)





(53,999)





(8,336)









RMB



Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 480 MW to 510 MW for the quarter ending March 31, 2016 and 2.6 GW to 3.0 GW for the fiscal year ending December 31, 2016. The Company also expects its gross margin in the first quart of 2016 to be in the estimated range of 17 % to 19%.





Non-controlling interests





U.S. Toll Free Number: +1-866-519-4004



(183)





(87,490)







(132,716)



(592,329)



(36,265)



(3,478,593)





(1,540,787)



(3,394,730)



(237,857)













63,518



1,651,417











6,724







Gross margin was 11.8% in the fourth quarter of 2015, compared to 16.0% in the third quarter of 2015 and 16.8% in the fourth quarter of 2014.





(528,811)





(3,290,579)





(56,837)





(231,133)

Interest expense was RMB 246.1 million (US$ 38.0 million) in the fourth quarter of 2015, slightly decreased from RMB 252.1 million in the third quarter of 2015 and RMB268.4 million in the fourth quarter of 2014. The weighted average interest rate was 6.92 % in the fourth quarter of 2015, compared to 6.42% in the third quarter of 2015 and 6.81% in the fourth quarter of 2014.















Reconciliation of Non-GAAP measures to GAAP measures





(609,072)









Cash and restricted cash













December 31, 2014





13,791





December 31, 2015













RMB





RMB









65,874









Non-GAAP loss





(535,069)





(389,687)





(842,126)



(37,994)



(130,002)









Share-based compensation





(10,769)



Intangible assets, net



(1,277)





787





122







325,735



Impairment of long-lived assets





-





(3,804,116)





-







2,726,682



17,640,282





Provision for reserve for inventory purchase commitments





-





-





(77,705)



On November 5, 2015, Hainan Yingli entered into a Capital Increase Agreement with its shareholder Haikou National, pursuant to which Haikou National used its land use rights to subscribe for newly issued equity interests in Hainan Yingli and Hainan Yingli is required to repurchase such equity interests from Haikou National in three installments within 10 years at an aggregate price equal to the fair market value of the land use rights on the date of the agreement plus interests calculated at the prevailing bank loan interest rate in China. Hainan Yingli subsequently disposed of the land use rights contributed by Haikou National by transferring to a third party 100% equity interest in its wholly owned subsidiary that held the land use rights (the "Hainan Land Disposal"). As of the date hereof, the Hainan Land Disposal is substantially completed while the parties are in the process of completing remaining administrative procedures. Hainan Yingli received RMB 265.0 million as partial consideration for the Hainan Land Disposal in 2015 and expects to receive the remaining portion of the consideration in the amount of RMB 470.0 million in 2016.









Provision for prepayments in relation to inventory purchase commitments



18,076,726



-





(34,027)









(75,338)





58,360





Inventory provision





(4,208)





-





(31,930)





(4,929)









Disposal gain from long-lived assets and land use right in relation to a

subsidiary





-





1,028,876





-





-







Net Loss





426,718



397,678



(3,200,231)

Net loss was RMB 1,439.0 million (US$ 222.1 million) in the fourth quarter of 2015, compared to RMB 3,200.2 million in the third quarter of 2015 and RMB 550.0 million in the fourth quarter of 2014. Loss per ADS was RMB 79.2 (US$ 12.2 ) in the fourth quarter of 2015, compared to RMB 176.1 in the third quarter of 2015 and RMB 30.3 in the fourth quarter of 2014.



(1,438,997)





(222,143)

工業區六路英文補習班推薦















Gross profit





(4.63)





(0.72)









Diluted loss per ordinary share





(3.03)







As of December 31, 2015, the Company's inventory had increased to RMB 1,484.3 million (US$ 229.1 million) from RMB1,285.6 million as of September 30, 2015, which was mainly due to the higher utilization rate of its production capacity for in-house PV modules. Inventory turnover days were 72 days in the fourth quarter of 2015, compared to 63 days in the third quarter of 2015.









312,110

Income Tax Expense











Provision for reserve for inventory purchase commitments









Loss before income taxes and non-controlling interest



9,124,183



(520,953)





(3,029,348)





(1,352,892)





(208,850)














• Net loss³ was RMB 1,439.0 million (US$ 222.1 million) and loss per American Depositary Share⁴ (each representing ten ordinary shares of the Company, the "ADS") was RMB 79.2 (US$ 12.2). On an adjusted non-GAAP basis, adjusted net loss was RMB 842.1 million (US$ 130.0 million), and adjusted loss per ADS was RMB 46.3 (US$ 7.2).






43,835





246,120



• Gross profit was RMB 1,187.3 million (US$ 183.3 million), representing a gross margin of 11.9%. Gross margin on sales of PV modules was 13.4%.




37,994



Income Tax Expense



Excluding the impact of the impairment charge on long-lived assets and disposal gain, provision for prepayments in relation to inventory purchase commitments, provision for doubtful accounts receivables and provision for reserve for inventory purchase commitments, the increase of operating expenses was primarily due to the increase in the selling expenses as a result of increased PV module shipments and the increase in the general and administrative expenses partially due to the provision of US$ 7.5 million for the settlement payment to Solyndra as disclosed in the Company's press release dated April 4, 2016.



Operating margin was negative 53.1% in the fourth quarter of 2015, compared to negative 128.2% in the third quarter of 2015 and negative 5.8% in the fourth quarter of 2014.



(916,929)







(5,553)





(857)









Depreciation











11,324,297



280,597













Amortization for land use rights and intangible assets











The dial-in details for the live conference call are as follows:





616









EBITDA





94,210









(827,741)



Loss per ADS







229,139























YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES



Investor Relations Director





Unaudited Condensed Consolidated Statements of Operations

On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (EBITDA) were negative RMB 3,021.2 million (US$ 466.4 million) in 2015, compared to RMB 1,079.4 million in 2014.















14,065



245,095



Total net revenues were RMB 2,110.0 million (US$ 325.7 million), compared to RMB2,233.9 million in the third quarter of 2015.











For the year ended Full Year













December 31, 2014



US$



December 31, 2015









(179,627)

Gross Profit and Gross Margin



RMB





RMB





US$









Net revenues:













International Dial-in Number: +1-845-675-0437





300,000



Sales of PV modules



Inventories



12,179,474



1,727,375



8,464,779





1,306,737



707,525







Other revenues









1,501,007





231,716



720,286



Business Outlook for First Quarter and Fiscal Year 2016



Total net revenues





12,927,377









1,538,453



2,401,458







Cost of revenues:









On an adjusted non-GAAP basis, adjusted net loss was RMB 842.1 million (US$ 130.0 million) in the fourth quarter of 2015, compared to RMB 389.7 million in the third quarter of 2015 and RMB 535.1 million in the fourth quarter of 2014; adjusted loss per ADS was RMB 46.3 (US$ 7.2) in the fourth quarter of 2015, compared to RMB 21.4 in the third quarter of 2015 and RMB 29.4 in the fourth quarter of 2014.



(77,705)









Cost of PV modules sales





25,806,769



(In thousands, except for ordinary shares, per ordinary share and per ADS data)









499,019







Cost of other revenues

Jean Tian



2,417,598

Interest Expense















Total cost of revenues





(10,689,132)





2,723,190





382,669





Passcode: 73401201

Full Year 2015 Consolidated Financial and Operating Summary





2,238,245







Current liabilities:





181,763,770







Selling expenses





Additional paid-in capital





(854,315)





2,922,479



(7,650,744)







General and administrative expenses





(784,502)





(927,495)



US$



(143,180)









Research and development expenses





Other current liabilities and accrued expenses





• Operating loss was RMB 1,120.3 million (US$ 172.9 million).






Medium-term notes



Basic



As of December 31, 2015, the Company had RMB 346.9 million (US$ 53.6 million) in restricted cash, decreased from RMB 870.2 million as of September 30, 2015.



Impairment of long-lived assets



(17.61)



Net revenues:







Foreign Currency Exchange Loss











-





1,167,317





180,203









Provision for prepayments in relation to inventory purchase commitments



(169,411)







(522,050)





(80,591)









Provision for reserve for inventory purchase commitments









(77,705)





(11,996)









Total operating expenses





(2,453,439)





(5,415,355)





(835,987)



Accrued warranty liability, excluding current







Loss from operations





(264,038)



2,233,885







(652,695)





Other assets





Interest expense





(1,015,871)





189,498













Interest income





35,026





22,632





3,494









Foreign currency exchange losses





(243,386)





(132,709)



As of December 31, 2015, the Company's accounts receivable had decreased to RMB 2,922.5 million (US$ 451.2 million) from RMB 4,356.4 million as of September 30, 2015. Days sales outstanding were 125 days in the fourth quarter of 2015, decreased from 179 days in the third quarter of 2015.







RMB



Other income





127,813

















Loss before income taxes





(1,311,612)





(5,167,645)



-



(797,747)









Income tax expense



• On an adjusted non-GAAP² basis, earnings before interest, tax expenses, depreciation and amortization ("EBITDA") were negative RMB 827.7 million (US$ 127.8 million).




(89,723)



Total net revenues



(731,191)









(3.03)



1,713,308



Net loss

Non-GAAP Financial Measures





-



(5,898,836)







3,960,458







Less: Loss attributable to the non-controlling interests



(30.3)



101,526





298,310



Update on Repayment of Medium-Term Notes







(17.61)



Net loss attributable to Yingli Green Energy





(1,299,809)







(200,007)



(864,572)











Selling expenses











Total assets









Basic





173,613,085









181,763,770





Basic





Diluted











Cost of other revenues









[3] For convenience purposes, all references to "net loss/income" in this press release, unless otherwise specified, represent "net loss/income attributable to Yingli Green Energy" for all periods presented.



Loss per ordinary share





















Basic





(7.49)





(30.81)





(4.76)









Diluted





(7.49)





(30.81)





(4.76)









Loss per ADS





This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.











Total net revenues in 2015 were RMB 9,965.8 million (US$ 1,538.5 million), compared to RMB 12,927.4 million in 2014. Total PV module shipments in 2015 were 2,447.0 MW, compared to 3,361.3 MW in 2014. The decrease in total net revenues year-over-year was mainly due to the decreased PV module shipments as a result of the lower utilization rate of production capacity in certain quarters of 2015 caused by tight cash flow, as well as the decline of selling price of PV modules across the world, especially in China.





(74.9)





(308.1)





(47.6)









Diluted





Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar" or "Yingli", is one of the world's leading photovoltaic (PV) module manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 14 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.



(308.1)



12,110,794





Net loss was RMB 5,600.5 million (US$ 864.6 million) and loss per ADS was RMB 308.1 (US$ 47.6) in 2015, compared to net loss of RMB 1,299.8 million and loss per ADS of RMB 74.9 in 2014. On an adjusted non-GAAP basis, adjusted net loss was RMB 2,320.1 million (US$ 358.2 million) and adjusted loss per ADS was RMB 127.6 (US$ 19.7) in 2015, compared to adjusted net loss of RMB 1,260.6 million and adjusted loss per ADS of RMB 72.6 in 2014.







Net loss











A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at www.yinglisolar.com. A replay will be available shortly after the call on Yingli Green Energy's website for 90 days.

















Other comprehensive income (loss)





181,763,770







Operating Expenses













23,040





(121,215)



Other revenues



(18,712)









-







(2,867,778)

Interest Expense





(116)

EQUITY/(DEFICIT)







Comprehensive loss









(6,020,800)





(929,451)









Less: Comprehensive loss attributable to the non-controlling interest





5,237,989





288,189



• Total net revenues were RMB 9,965.8 million (US$ 1,538.5 million).




44,488













(1,277,588)



(11,996)



(5,732,611)





(884,963)







RMB













1,297,259

















































Gross margin on sales of PV modules was 13.5% in the fourth quarter of 2015, compared to 19.0% in the third quarter of 2015 and 16.2% in the fourth quarter of 2014. The decrease in gross margin on sales of PV modules from the third quarter of 2015 to the fourth quarter of 2015 was mainly due to the lower average selling price of PV modules as a result of higher proportion of shipment to China market.







As of the date of this press release, the Company had approximately RMB 4,240 million in unutilized short-term lines of credit and approximately RMB 1,266 million in committed long-term facilities. In addition, the Company has been able to renew a majority of its short-term borrowings since the beginning of 2015 and is exploring financing options to continue to manage the Company's liquidity and to enhance its financial flexibility.







































































































BAODING, China, May 11, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced its unaudited consolidated financial results for the quarter and full year ended December 31, 2015.













































About Yingli Green Energy









更生巷英文補習班推薦



Yingli Green Energy Holding Company Limited

































"Looking ahead, we expect 2016 to be an important year of transformation for us. We will continue to actively explore methods to improve our operating fundamentals through reducing manufacturing costs and related expenses and pursuing various alternative financing options including restructuring our debts as feasible in order to achieve a successful transformation," Mr. Miao concluded.



Operating expenses decreased to RMB 1,368.6 million (US$ 211.3 million) in the fourth quarter of 2015 from RMB 3,220.2 million in the third quarter of 2015, and compared to RMB 778.7 million in the fourth quarter of 2014. Operating expenses as a percentage of total net revenues were 64.9% in the fourth quarter of 2015, compared to 144.2% in the third quarter of 2015 and 22.6% in the fourth quarter of 2014.











(1,337,845)		December 31, 2015		-					RMB	[1] Total PV module shipments include shipments to the Company's own downstream PV projects. The Company has suspended new development business of downstream PV projects in China since September 2015, and there were no shipments to new downstream PV projects in the fourth quarter of 2015. Total PV module shipments were 2,447.0 MW, slightly exceeding its previous guidance of 2.35GW to 2.40GW.
Non-GAAP loss			Loss from operations	(1,260,588)	(234,916)
	Share-based compensation			Accounts receivable, net	(11,950)
Impairment of long-lived assets			-
(587,254)
Provision for reserve for inventory purchase commitments			-
(222,143)
2,451,057	(522,050)
(80,591)
(4,208)	debt	(4,929)	1,227,533
Total liabilities and shareholders' equity/(deficit)	1,167,317	180,203
Non-cash interest expenses			603,514
-	238,070		-
(1,299,809)	(5,600,526)	116,285	(864,572)	Foreign currency exchange gain(loss)
Non-GAAP diluted loss per ordinary share			(7.26)
Diluted loss per ordinary share			(7.49)
(30.81)
Long-term prepayment to suppliers
(1,311,612)	(5,167,645)	(797,747)
(252,091)		1,015,871	As of December 31, 2015		977,176	150,850
Interest income			(35,026)	578,733		(3,494)
Depreciation			1,388,283	1,174,705
Amortization for land use rights and intangible assets			21,842	17,227	2,660
EBITDA
(3,021,169)	(466,388)	ASSETS
17,640,282		RMB				Accounts payable		(127,331)	2,110,044 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-green-energy-reports-fourth-quarter-and-full-year-2015-results-300266750.html EF English Live 線上英語 1對1私人家教課+6人以內國際小班課+ 1,500小時模擬CNN多媒體影音互動課程，全面提升聽說讀寫能力。 1對1私人家教課可依您的需求量身訂做學習主題！在1-6人國際小班課程中，與來自全球120個國家的相同程度的學員一起上課，每堂課宛如真槍實彈MBA課程，英文表達能力突飛猛進。 (線上真人1對1,每堂約600元、線上真人1對6,每堂約75元) 24小時開課，隨時隨地，無須預約，絕大多數導師均來自以英語為母語的國家，並擁有大學學位及TESOL / TEFL英語教授資格。 engoo提供補教業最震撼的實惠價 1堂只要54元！比ㄧ杯咖啡還便宜！ 另外，服務全面保證１對１真人線上教學， 提供60國優質講師，並使用最方便的Skype為教學工具。 這些特色讓engoo成為補教業最具競爭力的新興勢力！ 這裡也有開課的英文補習班 衛道三街英文補習班推薦 山西路3段英文補習班推薦 中清路四十三巷國泰一弄英文補習班推薦 工業區四路英文補習班推薦 工業區三十六路英文補習班推薦 英文補習班相關課程 同安北巷英文補習班推薦 吸收內化的英文知識 惠文路英文補習班推薦 15分鐘快速評量英文水平 河南東一街英文補習班推薦 看到英文小說就害怕？@E@ 熱河路2段英文補習班推薦 保證讓你勇敢說英文，融入老外生活圈！ 惠中一街英文補習班推薦 完全圖解1小時學會英文文法@E@ 文章標籤 文法 班推薦 需求量 同安 四路 全站熱搜 創作者介紹 jesuscdw5qtv0 珠寶│玉石現金回饋5%：ezo.tw/anz jesuscdw5qtv0 發表在 痞客邦 留言(0) 人氣() E-mail轉寄 全站分類：親子育兒 上一篇： 中清西一街英文補習班推薦 完全模擬老外聊天起手式 下一篇： 興仁國小英文課 只要30天，一定讓你說出意想不到的流利英文！ 歷史上的今天 2016: 及人高中附設國中課後輔導 英文書 下載 2016: 草漯國小課後輔導 每天45分鐘超有效 2016: 興仁國小英文課 只要30天，一定讓你說出意想不到的流利英文！ 2016: 中清西一街英文補習班推薦 完全模擬老外聊天起手式 2016: 精科六路英文補習班推薦 任何場合都可聊、就連躺著也要聊 2016: 開元路英文補習班推薦 這些外幣符號的英文，你會唸嗎？ 2016: 德利路英文補習班推薦 學生時期只有個位數的英文成績 2016: 何厝東一街英文補習班推薦 絕對會用到的生活單字 ▲top 留言列表 發表留言 站方公告 [公告] 「新型態文章」將於 2024 年 6 月 28 日終止服務 [公告] PIXwallet 錢包取消支票寄送暨服務條款異動通知 [公告]部落格 Google Analytics (GA4) 設定更新方式介紹 活動快報 【全民... 震撼登場！驚喜連連！超多款精選試用等你來挑戰，搶... 看更多活動好康 我的好友 熱門文章 文章分類 網路購物 (300) "人參" (1) 未分類文章 (1383) 最新文章 最新留言 動態訂閱 文章精選 文章精選 2024 五月 (1) 2024 四月 (24) 2022 十月 (22) 2022 九月 (24) 2022 八月 (14) 2022 七月 (1) 2022 六月 (7) 2022 五月 (8) 2022 四月 (4) 2022 三月 (9) 2022 二月 (11) 2022 一月 (7) 2021 十二月 (3) 2021 十一月 (10) 2021 九月 (17) 2021 八月 (21) 2021 七月 (5) 2020 九月 (2) 2020 八月 (13) 2020 六月 (10) 2020 五月 (12) 2020 四月 (5) 2018 四月 (2) 2018 三月 (6) 2018 一月 (15) 2017 十二月 (55) 2017 十一月 (42) 2017 十月 (75) 2017 九月 (36) 2017 八月 (385) 2017 七月 (119) 2017 三月 (4) 2017 二月 (57) 2017 一月 (132) 2016 十二月 (92) 2016 十一月 (108) 2016 八月 (67) 2016 七月 (79) 2016 六月 (174) 2016 五月 (6) 所有文章列表 文章搜尋 新聞交換(RSS) 誰來我家 參觀人氣 本日人氣： 累積人氣： POWERED BY (登入) 回到頁首 回到主文 免費註冊 客服中心 痞客邦首頁 © 2003 - 2024 PIXNET 關閉視窗