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 …
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