Chinese solar panel manufacturer Yingli Green Energy Holding Company Limited achieved total net revenues of RMB 3,173.6 million ($468.1 million) in the second quarter 2017 compared to RMB 1,238.3 million in the first quarter of 2017 and RMB 2,524.1 million in the second quarter of 2016.

Total PV module shipments were 1,146.6 MW, compared to 370.9 MW in the first quarter of 2017 and 662 MW in the second quarter of 2016. Shipments to China increased from 243 MW in the first quarter of 2017 to 992 MW and accounted for 86.5 percent of the total PV module shipments in the second quarter of 2017, »as a result of successful cooperation with different types of customers,« says Yingli. In other markets, shipments to Europe, Japan, and United States all increased compared to the first quarter of 2017. In Japan, the company completed the delivery of about half of the 230 MW modules ordered by the Japan's largest solar plant in the second quarter.

Operating loss was RMB 180.8 million ($26.7 million) in the second quarter of 2017, compared to operating loss of RMB 103.5 million in the first quarter and operating income of RMB 158.3 million in the second quarter of 2016. Net loss was RMB 297.6 million ($43.9 million) in the second quarter of 2017, compared to net loss of RMB 184.4 million in the first quarter and net income of RMB 71.8 million in Q2 2016.

The company expects its PV module shipments to be in the estimated range of 550 MW to 600 MW for the third quarter of 2017. The company revises the shipments guidance for full year of 2017 from 2.1 to 2.2 GW to 2.5 to 2.8 GW.