Chinese solar panel manufacturer Yingli Green Energy Holding Co. Ltd achieved total net revenues of CNY 2,273.2 million ($349.4 million) in the fourth quarter of 2017, increased from CNY 2,041.4 million in the fourth quarter of 2016. Total PV module shipments were 837.9 MW, increased from 635.1MW in Q4 2016. Net loss was CNY 491.9 million ($75.6 million) in the fourth quarter of 2017, compared to net loss of CNY 1,913.7 million in the fourth quarter of 2016.

Regarding the full year 2017, total net revenues were CNY 8,363.7 million ($ 1,285.5 million), compared to CNY 8,376.1 million in 2016. Total PV module shipments in 2017 were 2,953 MW, compared to 2,170.4 MW in 2016. The slight decrease in total net revenues despite a significant increase in the shipments year-over-year was mainly due to the continuous decline of average selling price of PV modules throughout the Company's major markets, including China and Japan and decrease in other revenues. Net loss was CNY 3,318 million ($510 million) in 2017, compared to net loss of CNY 2,097.7 million in 2016.

According to Yingli, the company and its subsidiaries are currently exploring a variety of measures to maintain and improve their liquidity and financial position, including renewal or rollover of borrowings and other financing arrangements, debt restructuring, and voluntary forbearance by creditors.

Based on preliminary data, the Company estimates that its PV module shipments in the first quarter of 2018 were in the range of 400 MW to 420 MW.