During Thursday’s Morning trade, Shares of Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), lost -2.29% to $0.740.
Yingli Green Energy Holding Company Limited, declared its unaudited merged financial results for the quarter ended September 30, 2015.
Third Quarter 2015 Merged Financial and Operating Summary
- Total net revenues were RMB2,233.9 million (US$351.5 million).
- Total photovoltaic (“PV”) module shipments (counting shipments to the Company’s own downstream PV projects) were 460.4MW.
- Gross profit was RMB357.2 million (US$56.2 million), representing a gross margin of 16.0%. Not Taking Into Account the impact of the long-lived assets impairment, which reduced the Company’s depreciation for fixed assets, the gross margin would be 8.6%.
- Operating loss was RMB2,863.0 million (US$450.5 million) counting a non-cash impairment charge on long-lived assets of RMB3,804.1 million (US$598.5 million).
- On an adjusted non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization (“EBITDA”) were negative RMB2,592.1 million (negative US$407.8 million).
- Net loss was RMB3,200.2 million (US$503.5 million) and loss per ordinary share and per American depositary share (“ADS”) was RMB17.61 (US$2.77). On an adjusted non-GAAP basis, net loss was RMB423.7 million (US$66.7 million) and loss per ordinary share and per ADS was RMB2.33 (US$0.37).
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the Peoples Republic of China and internationally.
Shares of Thompson Creek Metals Company Inc (USA) (NYSE:TC), declined -10.76% to $0.222, during its current trading session.
Thompson Creek Metals Company, declared that from November 1 – 28, 2015, daily mill throughput at Mount Milligan Mine averaged 52,457 tonnes, with a high on November 25 of 61,579 tonnes. This represents a noteworthy improvement contrast to the average daily mill throughput of 44,077 tonnes during the third quarter of 2015. During the period November 24 – 28, average daily mill throughput was 59,066 tonnes. On November 25, 2015, the mine achieved production of 156,476 total tonnes moved, which represents a daily record since commencement of operations.
Jacques Perron, President and Chief Executive Officer of Thompson Creek, said, “Since the installation of the second SAG discharge screen deck in late October, we have practiced weekly improvements in mill throughput. We are very happy with the progress to date and expect additional improvements through the remainder of the year as the SAG mill liners wear in and the mill operating conditions are optimized.”
Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of copper, gold and molybdenum products in the United States and Canada. It operates in three segments: Copper-Gold, US Operations Molybdenum, and Canadian Operations Molybdenum.
Finally, Shares of Goodyear Tire & Rubber Co (NASDAQ:GT), gained 0.17%, and is now trading at $34.92.
The Goodyear Tire & Rubber Company, declared it will combine its North America and Latin America businesses into one Americas business unit, effective January 1, 2016.
“While the two former regions approach their markets differently, there also are many increasing similarities, especially the growth of high-value-added tires,” said Goodyear chairman and CEO Richard J. Kramer. “This new organization is structured to accelerate growth and maximize earnings over time through simplicity, speed, and an intense focus on our customers and markets.”
The combined business will serve customers and consumers more effectively and efficiently by integrating processes such as product development, market forecasting, and product supply. All manufacturing plants in the combined region – counting the new Americas plant in San Luis Potosi, Mexico, planned to open in 2017 – will be leveraged to serve all customers in Mexico, Latin America and North America. The new structure will give Goodyear greater flexibility to anticipate market changes and react faster to them.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.