Yingli Green's loss shrinks on China demand

Fri Aug 30, 2013 6:11am EDT

Aug 30 (Reuters) - Yingli Green Energy Holding Co Ltd posted a smaller quarterly loss mainly due to surging demand for its solar panels in China, where the solar power generating capacity is expected to more than quadruple in the next two years.

Net loss narrowed to $52.3 million, or 33 cents per American Depositary Shares (ADS) in the second quarter, from $90.2 million, or 58 cents per ADS, a year earlier.

Revenue rose about 13 percent to $550.4 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article