Yingli Q4 Preview: Lower ASPs, High Interest Costs To Outweigh Benefits Of Operational Improvements

While the results could benefit from lower manufacturing costs and higher module shipments, we expect the company to remain loss making owing to sequentially lower average selling prices and higher interest costs. During Q3, quarterly revenues stood at $551 million, down by about 7.5% year-over-year, while operating margins improved to 5.9% compared to negative levels last year.