Yingli Green Energy Holding Co. Ltd. provided sales and operating guidance for the third quarter of 2015. For the period, the company expects net revenues to be in the range of $340 million to $350 million. The company estimates that its PV module shipments (excluding OEM production for third parties) in third quarter of 2015 were in the range of 450MW to 460 MW, compared to its previous guidance of 550MW to 580MW. The lower-than-expected shipments were due to a lower-than-expected utilization of production facilities for in-house PV module.

The company expects to recognize a non-cash impairment charge on long lived assets totaling RMB 3.69 billion ($581.3 million) in the quarter, which was mainly due to the lower-than-expected utilization of certain production facilities of the company in 2015.