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A new Yingli: Inside the module manufacturer’s restructure – PV-Tech

Yingli Green Energy topped the charts of solar module manufacturers for shipments in 2013, but what followed was a downward trajectory, driven by rapid capacity expansions, low ASPs and a lack of profitability.

Yingli Green Energy, the holding company once listed on the New York Stock Exchange (NYSE), has now been liquidated, unable to repay long-term debt owed to Yingli China. Total debts to a number of banks of Yinglis China-based subsidiaries, many directly involved in manufacturing operations, topped US$2.3 billion in 2013.

Yingli Green Energys annual revenue peaked in 2011 at around US$2.4 billion. As the chart below highlights, by 2014 other companies had surpassed Yingli in revenue terms. Benchmarked against other China centric …

Read the full article at: https://www.pv-tech.org/editors-blog/a-new-yingli-inside-the-module-manufacturers-restructure

Category: RestructuringBy Insolvency GuardianNovember 25, 2020

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A new Yingli: Inside the module manufacturer’s restructure – PV-Tech

Yingli Green Energy topped the charts of solar module manufacturers for shipments in 2013, but what followed was a downward trajectory, driven by rapid capacity expansions, low ASPs and a lack of profitability.

Yingli Green Energy, the holding company once listed on the New York Stock Exchange (NYSE), has now been liquidated, unable to repay long-term debt owed to Yingli China. Total debts to a number of banks of Yinglis China-based subsidiaries, many directly involved in manufacturing operations, topped US$2.3 billion in 2013.

Yingli Green Energys annual revenue peaked in 2011 at around US$2.4 billion. As the chart below highlights, by 2014 other companies had surpassed Yingli in revenue terms. Benchmarked against other China centric …

Read the full article at: https://www.pv-tech.org/editors-blog/53326

Category: RestructuringBy Insolvency GuardianNovember 25, 2020

Post navigation

PreviousPrevious post:National Debt Relief Delivers Empathetic Customer Experiences – AiThorityNextNext post:Online betting, compulsive gambling on the rise amid the COVID-19 pandemic. Experts say the impact can be devastating – Post-Crescent

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Real estate businesses seek restructuring of overdue, coming due bonds – Viet Nam News
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
July 15, 2024
McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
July 13, 2024
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