Home>World News>Yingli forecasts dismal Q3 results, $579m writedown on production assets

Yingli forecasts dismal Q3 results, $579m writedown on production assets

Yingli expects to record net revenue of $340m to $350m in the third quarter, down sharply from 2.7bn yuan ($422.7m) in the April-June period, and will likely book a non-cash impairment charge of 3.7bn yuan, primarily because some of its factories have been operating below full capacity.