Since the financial crisis broke out in 2015, the development of Yingli in the state of debt restructuring has attracted the attention of the industry.Yangli Green CFO Wang Yafu also said in an interview with reporters that in two years at the national and various levels of government departments, the major creditor banks , Yingli actively introduced the war investment and increased the R & D of the technological upgrading of the production line and new products and technologies to maintain a steady state of operation.
It is understood that Yingli increase R & D investment, technological innovation and product development, the introduction of diamond wire, five main grid, black silicon, half a new type of component products, including diamond wire cutting technology can reduce component costs by 5%, black silicon technology to make the conversion Efficiency 0.5%, N-type 5-gate half-chip components, 12-gate high-efficiency polycrystalline components have reached the advanced level in the industry .You also told reporters that due to the positive changes brought by technological innovation, Yingli components, single-watt costs year on year Down 17% at the same time, Yingli internal organizational structure adjustment and business process optimization, management and sales expenses in the first three quarters dropped 19.3% over the same period last year.
Concerning the reorganization issue that all walks of life have always been concerned, Wang also said that at present Yingli is maintaining frequent communication with creditors and other strategic alliances and pushing debt restructuring to complete as soon as possible. Is in accordance with US accounting standards need to make an impairment of the book assets, non-cash impairment, will not affect the company's operations and cash flow. As mentioned in the company's polysilicon polysilicon single termination letter is listed company responsible for the performance of risk tips Both sides have been seeking ways to solve the problem through negotiation.
Wang Ye also said that the company continued to improve the fundamentals, is expected in the fourth quarter shipments of 700-800 MW, the annual shipments are expected to 2.8-2.9 GW, up 30% over the previous year, the cumulative shipments will be Break through 20 GW.
