Yingli Green Energy Holding Co. Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's total net revenues were RMB 2,524,056,000 compared to RMB 2,716,101,000 a year ago. The increase in total net revenues in the second quarter of 2016 compared to the first quarter of 2016 was mainly due to the increase of PV module shipments, which was partially offset by the lower average selling price of the Company's PV modules in the quarter mainly as a result of the higher proportion of shipments to China, where the selling price of PV modules generally is lower than that in other markets. Income from operations was $158,253,000 compared to loss of RMB 178,314,000 a year ago. Income before income taxes was $79,372,000 compared to loss of RMB 393,124,000 a year ago. Net income was $78,252,000 compared to loss of RMB 625,717,000 a year ago. Diluted income per ordinary share was $0.40 compared to loss per share of RMB 3.29 a year ago. Net income attributable to the company was $71,824,000 compared to loss of RMB 598,126,000 a year ago. Non-GAAP income was $106,763,000 compared to loss of RMB 596,856,000 a year ago. Net income attributable to the company was $71,824,000 compared to loss of RMB 598,126,000 a year ago. Non-GAAP diluted income per ordinary share was $0.59 compared to loss per share of RMB 3.28 a year ago. On a non-GAAP basis EBITDA was $469,490,000 compared to RMB 198,828,000 a year ago.

For the six months, the company's total net revenues were $4,875,106,000 compared to RMB 5,621,857,000 a year ago. Income from operations was $344,698,000 compared to loss of RMB 244,711,000 a year ago. Income before income taxes was $158,782,000 compared to loss of RMB 785,405,000 a year ago. Net income was $143,727,000 compared to loss of RMB 1,018,498,000 a year ago. Net income attributable to the company was $151,391,000 compared to loss of RMB 961,298,000 a year ago. Diluted income per ordinary share was $0.83 compared to loss per share of RMB 5.29 a year ago.

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 300MW to 400MW for the quarter ending September 30, 2016. The Company also expects its gross margin in the third quart of 2016 to be in the estimated range of 12.5% to 14%.