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    <title>Yingli Green Energy Holding Co</title>
    <description>Yingli Green Energy Holding Co</description>
    <link>http://chinasecurities.com/ir/Yingli</link>
    <language>en-US</language>
    <pubDate>30 Jan 2012 13:00:00 GMT</pubDate>
    <lastBuildDate>10 Feb 2012 14:23:10 GMT</lastBuildDate>
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      <title>[Press Release] Yingli Enters Into a Supply Agreement with IBC for Supply of Up to 200 MW</title>
      <guid>message_5757</guid>
      <pubDate>30 Jan 2012 13:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5757</link>
      <description>
        <![CDATA[<p><span>Yingli Green Energy Holding Company Limited</span> (NYSE: <a target="_blank" href="http://finance.yahoo.com/q?s=yge">YGE</a> - <a target="_blank" href="http://finance.yahoo.com/q/h?s=yge">News</a>) ("<span>Yingli Green Energy</span>"  or the "Company"), a leading solar energy company and one of the  world's largest vertically integrated photovoltaic ("PV") manufacturers,  which markets its products under the brand "Yingli Solar," today  announced that it has entered into a supply agreement (the "Agreement")  with <span>IBC SOLAR AG</span> ("IBC"), one of the leading specialists in PV systems worldwide. Under  the terms of the agreement, the Company has agreed to supply 180 MW of  multi-crystalline and mono-crystalline (Panda) PV modules to <span>IBC</span> during the year of 2012. IBC has an option to purchase another 20 MW in  2012 under the Agreement. The modules are expected to be installed in  Germany, other European countries, as well as globally.</p>
<p>"We are pleased to enhance our partnership with IBC," commented Mr.  Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green  Energy. "Based on the strong faith that we have in each other, Yingli  Green Energy and IBC have gone through the up-and-downs of the solar  industry and achieved significant growth of our businesses during the  past several years. We believe this Agreement demonstrates our partners'  strong confidence in the continuous growth of the PV industry and  indicates the robust demand of our products in 2012. We look forward to  continuing our close cooperation with IBC and other partners to seize  the enormous opportunities ahead."</p>
<p>Udo Moehrstedt, founder and CEO of <span>IBC SOLAR</span>,  added, "We have been working very successfully with Yingli Solar for  five years now. Foundation of the trustful cooperation between our two  companies is the high quality of Yingli's modules, as well as the  strategic strength of Yingli. IBC SOLAR will continue to drive the  adoption of photovoltaics globally, and we consider Yingli as one of our  partners in achieving this goal."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a target="_blank" href="http://finance.yahoo.com/q?s=yge">YGE</a> - <a target="_blank" href="http://finance.yahoo.com/q/h?s=yge">News</a>),  which markets its products under the brand "Yingli Solar," is a leading  solar energy company and one of the world's largest vertically  integrated photovoltaic manufacturers. Yingli Green Energy's  manufacturing covers the entire photovoltaic value chain, from the  production of polysilicon through ingot casting and wafering, to solar  cell production and module assembly. Currently, Yingli Green Energy  maintains a balanced vertically integrated production capacity of 1.7 GW  per year. In addition, Yingli Green Energy's in-house polysilicon  plant, Fine Silicon, which has a designed annual production capacity of  3,000 metric tons, has started commercial operation in early August  2010. Yingli Green Energy distributes its photovoltaic modules to a wide  range of markets, including Germany, Spain, Italy, Greece, France,  South Korea, China and the United States. Headquartered in Baoding,  China, Yingli Green Energy has more than 11,000 employees and more than  10 subsidiaries and branch offices worldwide. Yingli Green Energy is  publicly listed on the New York Stock Exchange (NYSE: <a target="_blank" href="http://finance.yahoo.com/q?s=yge">YGE</a> - <a target="_blank" href="http://finance.yahoo.com/q/h?s=yge">News</a>). For more information, please visit <a target="_blank" href="http://us.lrd.yahoo.com/SIG=11ffnkdh2/EXP=1329140210/**http%3A//www.yinglisolar.com/"><a target="_blank" href="http://www.yinglisolar.com">http://www.yinglisolar.c...</a></a>.</p>
<p>About IBC SOLAR AG</p>
<p>IBC SOLAR is one of the world's leading photovoltaic specialists,  offering complete solutions for generating electricity from sunlight.  Founded in 1982, the firm covers the entire spectrum, from planning to  the turnkey handover of photovoltaic installations. Retail sales is the  most important distribution channel for IBC SOLAR, while the second  largest area is the planning and realization of large-scale photovoltaic  plants for commercial customers. Globally, IBC SOLAR and its eleven  subsidiaries have already implemented more than 100,000 turnkey  photovoltaic systems with a total power of more than 1.6 gigawatt (GWp).</p>]]>
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    <item>
      <title>[Press Release] Yingli Green Energy Reports Fourth Quarter and Full Year 2010 Results</title>
      <guid>message_5656</guid>
      <pubDate>18 Feb 2011 10:45:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5656</link>
      <description>
        <![CDATA[<div>
<h2>Sustainable Profitability Supported by Historical High Shipment and 32.9% Gross Margin</h2>
<h2>Fourth Quarter Non-GAAP Diluted EPS Reached Historical High of US$0.57</h2>
<h2>Achieved PV Module Shipment of 1,061.6 MW, Gross Margin of 33.2% and Non-GAAP Diluted EPS of US</h2>
<p>Feb. 18, 2011 (PR Newswire) --</p>
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<p>BAODING, China, Feb. 18, 2011 /PRNewswire-Asia-FirstCall/ -- Yingli  Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"  or the "Company"), a leading solar energy company and one of the world's  largest vertically integrated photovoltaic manufacturers, which markets  its products under the brand "Yingli Solar," today announced its  unaudited consolidated financial results for the fourth quarter and full  year ended December 31, 2010.</p>
<p><strong>Fourth Quarter 2010 Consolidated Financial and Operating Highlights </strong></p>
<ul>
<li>Total net revenues were RMB 4,066.2 million  (US$616.1 million) and PV module shipment increased by 21.6% quarter  over quarter, reaching a historical high. </li>
<li>Gross profit was RMB 1,337.7 million (US$202.7 million), representing a gross margin of 32.9%. </li>
<li>Operating income was RMB 943.5 million (US$142.9 million), representing an operating margin of 23.2%.</li>
<li>Net  income(1) was RMB 554.4 million (US$84.0 million) and diluted earnings  per ordinary share and per American depositary share ("ADS") were RMB  3.46 (US$0.52).</li>
<li>On an adjusted non-GAAP(2) basis, net income was  RMB 598.3 million (US$90.7 million) and diluted earnings per ordinary  share and per ADS were RMB 3.73 (US$0.57).</li>
<li>In October 2010,  through one of its operating subsidiaries in China, the Company has  become the first China-based solar company to have completed a  successful registration of RMB 2.4 billion and issuance of RMB 1.0  billion medium-term notes on the PRC inter-bank debenture market. </li>
<li>In  December 2010, the Company re-purchased an aggregate of US$171.3  million principal amount of its zero coupon convertible senior notes due  2012 (the "Notes") for a total cash consideration of US$199.4 million  based on a yield to put of 5.125%. The Company only had US$1.2 million  Notes outstanding due December 2012 as of the date of this press  release. </li>
<li>The Company has been selected to supply approximately  70% of the total amount of 272 MW PV projects under the Golden Sun  Program, which is sponsored by the Ministry of Finance of China, and  received an advance payment of RMB 749.4 million, or 35% of the total  purchase price in December 2010. The majority of the shipments are  scheduled to be delivered by the Company in the second half of 2011. </li>
</ul>
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<td>
<p style="">(1)  For convenience purposes, all references to "net income" in this press  release, unless otherwise specified, represent "net income attributable  to Yingli Green Energy" for all periods presented.</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">(2)  All non-GAAP measures exclude share-based compensation, non-cash  interest expenses, additional accounting charge upon the previously  announced conversion of the senior secured convertible notes due 2012  (the "Convertible Notes"), the non-cash loss on debt extinguishment, the  non-cash expense due to the changes in the fair value of the derivative  liabilities and the amortization and impairment of intangible assets  arising from purchase price allocation in connection with a series of  acquisitions of equity interests in Baoding Tianwei Yingli New Energy  Resources Co., Ltd. ("Tianwei Yingli"), an operating subsidiary of the  Company. For further details on non-GAAP measures, please refer to the  reconciliation table and a detailed discussion of the Company's use of  non-GAAP information set forth elsewhere in this press release.</p>
</td>
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</table>
<br /><br /></div>
<p><strong>Full Year 2010 Consolidated Financial and Operating Highlights </strong></p>
<ul>
<li>PV module shipment increased by 102.1% year over  year to 1,061.6 MW, exceeding the Company's previously announced  guidance of 1,020 MW to 1,040 MW. </li>
<li>Total net revenues were RMB  12,500.0 million (US$1,893.9 million), exceeding the Company's  previously announced guidance of US$1,780 million to US$1,810 million. </li>
<li>Gross  profit was RMB 4,152.8 million (US$629.2 million), representing a gross  margin of 33.2%, exceeding the Company's previously announced guidance  of 32.0% to 32.5%. </li>
<li>Operating income was RMB 2,780.6 million (US$421.3 million), representing an operating margin of 22.2%.</li>
<li>Net  income was RMB 1,419.2 million (US$215.0 million) and diluted earnings  per ordinary share and per ADS were RMB 9.06 (US$1.37).</li>
<li>On an  adjusted non-GAAP basis, net income was RMB 1,662.8 million (US$251.9  million) and diluted earnings per ordinary share and per ADS were RMB  10.62 (US$1.61).</li>
</ul>
<br />
<p>"I'm pleased to report that we  concluded a successful 2010 punctuated by another strong quarter of  sustainable profitability," said Mr. Liansheng Miao, Chairman and Chief  Executive Officer of Yingli Green Energy. "Our success was driven by the  continuously robust market demand, our competitive cost structure,  diversified customer base and the well-established 'Yingli Solar'  brand."</p>
<p>"Europe continued to be the region with the largest demand for PV  products in 2010 where we generated approximately 80% of our global  sales. In addition to our strong presence in existing European markets,  we also achieved great success in fast growing markets such as Italy,  France, Greece and the UK. In 2011, we expect to generate around 60% of  our global sales in Europe. We are confident to further diversify our  market exposure by combining our strong regional sales efforts with our  partners' strong channel building capabilities."</p>
<p>"Outside Europe, we have never stopped penetrating deeper into new  and emerging markets such as the U.S. and China. Throughout 2010, we  continued our past success in the U.S. distributed generation market  through leading the commercial component of the California Solar  Initiative program. We are also proud to announce our growing success in  the utility segment by acting as the exclusive supplier to four  ground-mount projects, totaling over 55 MW. In 2010, the U.S. market  accounted for over 10% of our global sales, and we are expecting to  bring the number up to 13% to 15% in 2011. In China, we have been  selected to supply approximately 70% of the PV modules for the 272 MW  solar projects under the Golden Sun Program sponsored by the Ministry of  Finance of China, which marks another significant business milestone in  our market expansion. Under the terms of the sales agreements with  system owners, we are scheduling to ship the majority of the PV modules  in the second half of 2011," Mr. Miao continued.</p>
<p>"To support our rapid expansions on market geographies and customer  portfolios, we have carried out a series of strategic marketing  activities such as sponsoring the 2010 FIFA World Cup to further promote  our 'Yingli Solar' brand. To continue our marketing efforts, we  recently became an Official Premium Partner of the FC Bayern Munchen,  one of the most successful and popular football clubs in the world. We  firmly believe that these are right steps to take in order to build our  brand even more appealing to end customers."</p>
<p>"We are also continuing to make progress on the research and  development front. On the PANDA commercial production lines, we have  reached another historical high cell efficiency rate of 19.89%.  Furthermore, we are leveraging the robust R&amp;D platform afforded by  our vertically integrated business model to optimize manufacturing  techniques throughout the value chain."</p>
<p>"With these strategies and activities in place, I strongly believe  that we are well positioned to enhance our industry leading position and  emerge stronger in 2011," Mr. Miao concluded.</p>
<p><strong>Fourth Quarter 2010 Financial Results </strong></p>
<p><em>Total Net Revenues </em></p>
<p>Total net revenues were RMB 4,066.2 million (US$616.1 million) in the  fourth quarter of 2010, an increase of 23.8% from RMB 3,284.2 million  in the third quarter of 2010 and 60.7% from RMB 2,530.9 million in the  fourth quarter of 2009. The increase quarter over quarter was primarily  attributable to a 21.6% increase in PV module shipment and improved  average selling price compared to the third quarter of 2010, which in  turn were primarily attributable to the robust market demand, broader  recognition of our premium brand and diversified customer base.</p>
<p><em>Gross Profit and Gross Margin</em></p>
<p>Gross profit was RMB 1,337.7 million (US$202.7 million) in the fourth  quarter of 2010, an increase of 22.2% from RMB 1,094.5 million in the  third quarter of 2010 and 78.3% from RMB 750.4 million in the fourth  quarter of 2009.</p>
<p>Gross margin was 32.9% in the fourth quarter of 2010, slightly down  from 33.3% in the third quarter of 2010 and an increase from 29.6% in  the fourth quarter of 2009. The slight decrease in gross margin compared  to the third quarter of 2010 was primarily attributable to the increase  in the blended cost of polysilicon, partially offset by the improved  average selling price.</p>
<p><em>Operating Expenses</em></p>
<p>Operating expenses were RMB 394.3 million (US$59.7 million) in the  fourth quarter of 2010, compared to RMB 358.7 million in the third  quarter of 2010 and RMB 801.8 million in the fourth quarter of 2009. The  increase from the third quarter of 2010 was consistent with the  Company's expanded scale of operations. The higher operating expenses in  the fourth quarter of 2009 included a non-cash impairment of intangible  assets and a non-cash bad debt expense of RMB 453.8 million.</p>
<p>Operating expenses as a percentage of total net revenues were 9.7% in  the fourth quarter of 2010, a decrease from 10.9% in the third quarter  of 2010 and 31.7% in the fourth quarter of 2009. The decrease from the  third quarter of 2010 was primarily attributable to economies of scale  and effective cost controls.</p>
<p><em>Operating Income and Margin</em></p>
<p>As a result of the foregoing, operating income was RMB 943.5 million  (US$142.9 million) in the fourth quarter of 2010, an increase of 28.2%  from RMB 735.8 million in the third quarter of 2010 and compared to  operating loss of RMB 51.4 million in the fourth quarter of 2009.</p>
<p>Operating margin was 23.2% in the fourth quarter of 2010, an increase  from 22.4% in the third quarter of 2010 and compared to a negative  operating margin of 2.0% in the fourth quarter of 2009.</p>
<p><em>Interest Expense</em></p>
<p>Interest expense was RMB 130.6 million (US$19.8 million) in the  fourth quarter of 2010, compared to RMB 92.4 million in the third  quarter of 2010 and RMB 80.8 million in the fourth quarter of 2009. The  increase quarter over quarter was primarily attributable to the decrease  in capitalized interest expense resulted from the completion of 300 MW  PANDA production capacity in Baoding and 100 MW production capacity in  Hainan, as well as the expanded scale of borrowings. As of December 31,  2010, the Company had an aggregate of RMB 9,146.8 million (US$1,385.9  million) banks borrowings and convertible notes, an increase of 13.1%  from RMB 8,084.7 million as of September 30, 2010.</p>
<p>After excluding non-cash interest expense items, interest expense was  RMB 114.6 million (US$17.4 million) in the fourth quarter of 2010,  compared to RMB 70.9 million in the third quarter of 2010 and RMB 58.7  million in the fourth quarter of 2009. Excluding non-cash interest  expenses, the weighted average interest rate for debt outstanding in the  fourth quarter of 2010 was 5.87%, compared to 5.58% in the third  quarter of 2010.</p>
<p><em>Foreign Currency Exchange Loss</em><em>es</em><em> (Gains</em><em>)</em></p>
<p>Foreign currency exchange loss was RMB 62.9 million (US$9.5 million)  in the fourth quarter of 2010, compared to a foreign currency exchange  gain of RMB 52.3 million in the third quarter of 2010 and a foreign  currency exchange loss of RMB 48.5 million in the fourth quarter of  2009. The foreign currency exchange loss in this quarter was primarily  attributable to the depreciation of the Euro and U.S. dollars against  the Renminbi.</p>
<p><em>Income Tax Expense</em><em> </em><em>(Benefit</em><em>)</em><em> </em></p>
<p>Income tax expense was RMB 89.3 million (US$13.5 million) in the  fourth quarter of 2010, compared to an income tax expense of RMB 106.4  million in the third quarter of 2010 and an income tax benefit of RMB  65.9 million in the fourth quarter of 2009.</p>
<p><em>Net Income</em><em> (Loss)</em><em>  </em></p>
<p>Net income was RMB 554.4 million (US$84.0 million) in the fourth  quarter of 2010, an increase of 21.5% from RMB 456.1 million in the  third quarter of 2010 and compared to a net loss of RMB 117.2 million in  the fourth quarter of 2009. Diluted earnings per ordinary share and per  ADS were RMB 3.46 (US$0.52) in the fourth quarter of 2010, an increase  of 18.5% from RMB 2.92 in the third quarter of 2010 and compared to a  loss of RMB 0.79 in the fourth quarter of 2009.</p>
<p>On an adjusted non-GAAP basis, net income was RMB 598.3 million  (US$90.7 million) in the fourth quarter of 2010, an increase of 7.5%  from RMB 556.6 million in the third quarter of 2010 and 817.9% from RMB  65.2 million in the fourth quarter of 2009. Adjusted non-GAAP diluted  earnings per ordinary share and per ADS were RMB 3.73 (US$0.57) in the  fourth quarter of 2010, an increase of 4.5% from RMB 3.57 in the third  quarter of 2010 and 747.7% from RMB 0.44 in the fourth quarter of 2009.</p>
<p><em>Balance Sheet Analysis </em></p>
<p>As of December 31, 2010, Yingli Green Energy had RMB 6,501.1 million  (US$985.0 million) in cash and restricted cash, an increase of 48.3%  from RMB 4,384.2 million as of September 30, 2010. The increase in cash  quarter over quarter was primarily attributable to positive operating  and financing cash flow.</p>
<p>As of December 31, 2010, accounts receivable was RMB 2,099.8 million  (US$318.2 million), compared to RMB 2,055.6 million as of September 30,  2010. Days sales outstanding decreased to 46 days in the fourth quarter  of 2010 from 56 days in the third quarter of 2010 and 65 days in the  fourth quarter of 2009, due to the effective accounts receivable  management.</p>
<p>As of December 31, 2010, advances from customers increased  significantly to RMB 1,001.3 million (US$151.7 million) from RMB 48.3  million as of September 30, 2010 and RMB 30.6 million as of December 31,  2009, primarily attributable to the advance payment we received in  December 2010 as a selected supplier of the Golden Sun Program, as well  as the down payments from customers to secure solar module sales  contracts for delivery in 2011.</p>
<p>As a result, working capital representing current assets less current  liabilities was RMB 3,124.1 million (US$473.3 million) as of December  31, 2010, an increase of 62.0% from RMB 1,928.3 million as of September  30, 2010.</p>
<p>As of the date of this press release, the Company had approximately  RMB 4,795 million in unutilized short-term lines of credit, and RMB  2,707 million committed long term facility that can be drawn down in the  near future.</p>
<p><strong>Full Year 2010 Results</strong></p>
<p><em>Total Net Revenues</em></p>
<p>Total net revenues in 2010 were RMB 12,500.0 million (US$1,893.9  million), an increase of 72.3% from RMB 7,254.9 million in 2009. PV  module shipment volume in 2010 was 1,061.6 MW, an increase of 102.1%  from 525.3 MW in 2009. The increase in total shipments was primarily due  to the robust market demand, broader recognition of our premium brand  and diversified customer base, and was supported by the completion of an  additional 400 MW of total production capacity for each of polysilicon  ingots and wafers, PV cells and PV modules in the third quarter of 2010.  The increase in net revenues was consistent with the increase in  shipment volume year over year and was partially offset by the decrease  in the average selling price for PV modules compared to 2009.</p>
<p><em>Gross Profit and Margin</em></p>
<p>Gross profit in 2010 was RMB 4,152.8 million (US$629.2 million), an  increase of 142.2% from RMB 1,714.4 million in 2009. Gross margin was  33.2% in 2010, a substantial increase from 23.6% in 2009. The increase  in gross margin in 2010 was primarily a result of the Company's  continuous efforts in cost reduction, despite the decrease in the  average selling price for PV modules.</p>
<p><em>Operating Expenses</em></p>
<p>Operating expenses in 2010 were RMB 1,372.2 million (US$207.9  million), compared to RMB 1,395.8 million in 2009. The higher operating  expenses in 2009 included a non-cash impairment of intangible assets and  a non-cash bad debt expense of RMB 453.8 million. After excluding the  two non-cash charges, operating expenses in 2009 was RMB 942.0 million.  The increase in operating expenses in 2010 was primarily attributable to  the Company's expanded scale of operations and higher selling expenses  relating to the 2010 FIFA World Cup sponsorship.</p>
<p>Operating expenses as a percentage of net revenues were 11.0% in  2010, a decrease from 13.0% after excluding the two non-cash charges in  2009.</p>
<p><em>Interest Expense</em></p>
<p>Interest expense in 2010 was RMB 387.2 million (US$58.7 million),  compared to RMB 354.1 million in 2009. The interest expense in 2010  included non-cash interest expenses of RMB 80.6 million (US$12.2  million), compared to RMB 75.8 million in 2009. Such non-cash interest  expenses were primarily related to certain financial instruments issued  in 2009.</p>
<p>After excluding the non-cash interest expenses, interest expense in  2010 was RMB 306.5 million (US$46.4 million), a slight increase from RMB  278.3 million in 2009. The increase in 2010 was primarily attributable  to the expanded scale of borrowings. The weighted average interest rate  for these borrowings in 2010 was 6.37%, a decrease from 7.07% in 2009,  which was primarily attributable to the Company's efforts in replacing  the high yield financing with cheaper bank loans.</p>
<p><em>Foreign Currency Exchange Los</em><em>se</em><em>s (Gains</em><em>)</em><em> </em></p>
<p>Foreign currency exchange loss was RMB 338.2 million (US$51.2  million) in 2010, compared to a foreign currency exchange gain of RMB  38.4 million in 2009. The foreign currency exchange loss in 2010 was  primarily due to the depreciation of the Euro and U.S. dollars against  the Renminbi.</p>
<p><em>Additional Non-cash Accounting Charge upon Conversion of Convertible Notes </em></p>
<p>Additional non-cash accounting charge of RMB 50.9 million (US$7.7  million) was recognized in the third quarter of 2010 upon the conversion  of US$26.2 million Convertible Notes into ordinary shares of the  Company by Trustbridge Partners II, L.P. This additional charge was a  non-cash charge and did not impact the Company's cash flow.</p>
<p><em>Loss on Debt Extinguishment </em><em>and </em><em>Loss on Derivative Liabilities</em></p>
<p>A loss on debt extinguishment of RMB 244.7 million and a loss on  derivative liabilities of RMB 231.3 million were recognized in 2009,  which were primarily attributable to certain financial instruments  issued in 2009. There were no similar transactions in 2010.</p>
<p><em>Income Tax Expense</em><em> </em><em>(Benefit</em><em>)</em></p>
<p>Income tax expense was RMB 301.1 million (US$45.6 million) in 2010,  compared to an income tax benefit of RMB 31.8 million in 2009. The  income tax expense in 2010 was primarily attributable to the net  operating income generated by Tianwei Yingli and Yingli China. The  income tax benefit in 2009 was primarily attributable to the release of  deferred tax liability as a result of intangible assets impairment.</p>
<p><em>Net Income</em><em> (Loss)</em></p>
<p>Net income was RMB 1,419.2 million (US$215.0 million) and fully  diluted earnings per ordinary share and per ADS were RMB 9.06 (US$1.37)  in 2010.</p>
<p>On an adjusted non-GAAP basis, net income was RMB 1,662.8 million  (US$251.9 million) in 2010. Adjusted non-GAAP fully diluted earnings per  ordinary share and per ADS were RMB 10.62 (US$1.61) in 2010.</p>
<p><strong>Business Outlook for Full Year 2011</strong></p>
<p>Based on current market and operating conditions, estimated  production capacity and forecasted customer demand, the Company expects  its PV module shipment target to be in the estimated range of 1,700 MW  to 1,750 MW for fiscal year 2011, which represents an increase of 60.1%  to 64.8% compared to fiscal year 2010.</p>
<p><strong>Non-GAAP Financial Measures</strong></p>
<p>To supplement the financial measures calculated in accordance with  GAAP, this press release includes certain non-GAAP financial measures of  adjusted net income (loss) and adjusted diluted earnings (loss) per  ordinary share and per ADS, each of which is adjusted to exclude items  related to share-based compensation, non-cash interest expense, the  non-cash loss on debt extinguishment resulting from the early full  repayment of ADM Capital loan, the non-cash expense due to the changes  in the fair value of the derivative liabilities, additional accounting  charge upon the previously announced conversion of the Convertible  Notes, and the amortization and impairment of intangible assets arising  from purchase price allocation in connection with a series of  acquisitions of equity interests in Tianwei Yingli. The Company believes  excluding these items from its non-GAAP financial measures is useful  for its management and investors to assess and analyze the Company's  core operating results as such items are not directly attributable to  the underlying performance of the Company's business operations and do  not impact its cash earnings. The Company also believes these non-GAAP  financial measures are important to help investors understand the  Company's current financial performance and future prospects and compare  business trends among different reporting periods on a consistent  basis. These non-GAAP financial measures should be considered in  addition to financial measures presented in accordance with GAAP, but  should not be considered as a substitute for, or superior to, financial  measures presented in accordance with GAAP. For a reconciliation of each  of these non-GAAP financial measures to the most directly comparable  GAAP financial measure, please see the financial information included  elsewhere in this press release.</p>
<p><strong>Currency Conversion</strong></p>
<p>Solely for the convenience of readers, certain Renminbi amounts have  been translated into U.S. dollar amounts at the rate of RMB 6.6000 to  US$1.00, the noon buying rate in New York for cable transfers of  Renminbi per U.S. dollar as set forth in the H.10 weekly statistical  release of the Federal Reserve Board as of December 31, 2010. No  representation is intended to imply that the Renminbi amounts could have  been, or could be, converted, realized or settled into U.S. dollar  amounts at such rate, or at any other rate. The percentages stated in  this press release are calculated based on Renminbi.</p>
<p><strong>Conference Call </strong></p>
<p>Yingli Green Energy will host a conference call and live webcast to  discuss the results at 8:00 AM Eastern Standard Time (EST) on February  18, 2011, which corresponds to 9:00 PM Beijing/Hong Kong time the same  day.</p>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style="">Dial-in details for the live conference call are as follows:</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- U.S. Toll Free Number: +1-866-272-9941</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- International dial-in number: +1-617-213-8895</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- Passcode: 18757847</p>
</td>
<td></td>
</tr>
<tr>
<td></td>
</tr>

</table>
<br /><br /></div>
<p>A  live and archived webcast of the conference call will be available on  the Investors section of Yingli Green Energy's website at  <a href="http://www.yinglisolar.com." target="_blank">http://www.yinglisolar.com.</a> A replay will be available shortly after the  call on Yingli Green Energy's website for 90 days.</p>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style="">A replay of the conference call will be available until February 25, 2011 by dialing:</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- U.S. Toll Free Number: +1-888-286-8010</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- International dial-in number: +1-617-801-6888</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">   -- Passcode: 37967910</p>
</td>
<td></td>
</tr>
<tr>
<td></td>
</tr>

</table>
<br /><br /></div>
<p><strong>About Yingli Green Energy</strong></p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE), which  markets its products under the brand "Yingli Solar", is a leading solar  energy company and one of the world's largest vertically integrated  photovoltaic manufacturers. Yingli Green Energy's manufacturing covers  the entire photovoltaic value chain, from the production of polysilicon  through ingot casting and wafering, to solar cell production and module  assembly. Currently, Yingli Green Energy maintains a balanced production  capacity of over 1 GW per year. Two capacity expansion projects of 600  MW and 100 MW are under construction in Baoding and Hainan,  respectively, and are expected to start initial production in the middle  of 2011 and increase the Company's total capacity to 1.7 GW in late  2011. In addition, Yingli Green Energy's in-house polysilicon plant,  Fine Silicon, which has a designed annual production capacity of 3,000  metric tons, has successfully started commercial operation since early  August 2010. Yingli Green Energy distributes its photovoltaic modules to  a wide range of markets, including Germany, Spain, Italy, Greece,  France, South Korea, China and the United States. Headquartered in  Baoding, China, Yingli Green Energy has more than 9,000 employees and  more than 10 subsidiaries and branch offices worldwide. Yingli Green  Energy is publicly listed on the New York Stock Exchange (NYSE: YGE).  For more information, please visit <a href="http://www.yinglisolar.com." target="_blank">http://www.yinglisolar.com.</a></p>
<p><strong>Safe Harbor Statement</strong></p>
<p>This press release contains forward-looking statements. These  statements constitute "forward-looking" statements within the meaning of  Section 21E of the Securities Exchange Act of 1934, as amended, and as  defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such  as "will," "expects," "anticipates," "future," "intends," "plans,"  "believes," "estimates," "schedule," "target" and similar statements.  Such statements are based upon management's current expectations and  current market and operating conditions, and relate to events that  involve known or unknown risks, uncertainties and other factors, all of  which are difficult to predict and many of which are beyond Yingli Green  Energy's control, which may cause Yingli Green Energy's actual results,  performance or achievements to differ materially from those in the  forward- looking statements. Further information regarding these and  other risks, uncertainties or factors is included in Yingli Green  Energy's filings with the U.S. Securities and Exchange Commission.  Yingli Green Energy does not undertake any obligation to update any  forward-looking statement as a result of new information, future events  or otherwise, except as required under applicable law.</p>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style=""><strong>For further information, please contact:</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Qing Miao</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Director, Investor Relations</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Yingli Green Energy Holding Company Limited</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Tel: +86-312-3100-502</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Email: ir@yinglisolar.com</p>
</td>
<td></td>
</tr>
<tr>
<td></td>
</tr>

</table>
<br /><br /></div>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style="text-align: center;"><strong>YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIAR</strong><strong>IES</strong></p>
<br />
<p style="text-align: center;"><strong>Unaudited Condensed </strong><strong>Consolidated Balance Sheets</strong></p>
<p style="text-align: center;"><strong>(In thousands)</strong></p>
<br /></td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-bottom: 1pt solid black;">
<p style="text-align: center;">December 31, 2009</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black;">
<p style="text-align: center;">December 31, 2010</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td style="border-top: 1pt solid black;"><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">US$</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">ASSETS</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Current assets:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cash and restricted cash</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">3,463,278</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">6,501,060</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">985,009</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Accounts receivable, net</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,827,490</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">2,099,805</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">318,152</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Inventories</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,665,021</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">2,524,956</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">382,569</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Prepayments to suppliers</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">329,457</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">573,937</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">86,960</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Prepaid expenses and other current assets</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">671,229</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,207,303</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">182,925</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total current assets</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>7,956,475</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>12,907,061</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,955,615</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Long-term prepayments to suppliers</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">678,311</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">504,326</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">76,413</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Property, plant and equipment, net</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">6,573,851</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">9,933,956</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,505,145</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Land use rights</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">354,560</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">358,834</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">54,369</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Goodwill and intangible assets, net</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">481,492</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">434,160</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">65,782</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Restricted cash, excluding current portion</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">167,774</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Other assets</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">44,642</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">82,557</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">12,508</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total assets</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>16,257,105</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>24,220,894</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>3,669,832</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">LIABILITIES AND SHAREHOLDERS' EQUITY</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Current liabilities:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Short-term bank borrowings, including current portion of</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">   long-term bank borrowings</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">3,501,027</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">5,557,878</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">842,103</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Convertible senior notes</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,291,843</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Accounts payable</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,852,216</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">2,475,415</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">375,063</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Other current liabilities and accrued expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">294,302</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,749,685</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">265,103</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total current liabilities</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>6,939,388</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>9,782,978</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,482,269</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Convertible notes</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">100,139</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">91,334</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">13,838</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Long-term bank borrowings, excluding current portion</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">752,809</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">2,496,482</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">378,255</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Medium-term notes</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,001,128</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">151,686</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Other liabilities</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">278,910</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">542,956</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">82,266</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total liabilities</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>8,071,246</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>13,914,878</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>2,108,314</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Shareholders' equity:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Ordinary shares</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">11,363</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">11,881</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,800</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Additional paid-in capital</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">6,130,890</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">6,412,995</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">971,666</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Accumulated other comprehensive income</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">12,784</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">59,183</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">8,967</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Retained earnings</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">480,037</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,899,213</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">287,760</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total equity attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>6,635,074</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>8,383,272</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,270,193</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Noncontrolling interests</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,550,785</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">1,922,744</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">291,325</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total shareholders</strong><strong>'</strong><strong> equity</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>8,185,859</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>10,306,016</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,561,518</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total liabilities and shareholders</strong><strong>'</strong><strong> equity</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>16,257,105</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>24,220,894</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>3,669,832</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

</table>
<br /><br /></div>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style="text-align: center;"><strong>YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES</strong></p>
<br />
<p style="text-align: center;"><strong>Unaudited Condensed Consolidated Statements of Operations</strong></p>
<br />
<p style="text-align: center;"><strong>(In thousands, except for share, ADS, per share and per ADS data)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-bottom: 1pt solid black;">
<p style="text-align: center;">Three months ended</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black;">
<p style="text-align: center;">December 31, 2009</p>
</td>
<td style="border-top: 1pt solid black;"><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black;">
<p style="">September 30, 2010</p>
</td>
<td style="border-top: 1pt solid black;"><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">December 31, 2010</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">US$</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Net revenues:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Sales of PV modules</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2,489,313</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3,205,039</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">4,003,996</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">606,666</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Sales of PV systems</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">16,077</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">10,915</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">19,333</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2,929</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Other revenues</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">25,471</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">68,283</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">42,873</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">6,496</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total net revenues</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>2,530,861</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>3,284,237</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>4,066,202</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>616,091</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Cost of revenues:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of PV modules sales</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(1,745,031)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(2,113,997)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(2,665,839)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(403,915)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of PV systems sales</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(12,263)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(9,893)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(13,572)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(2,056)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of other revenues</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(23,191)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(65,810)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(49,045)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(7,431)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total cost of revenues</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(1,780,485)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(2,189,700)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(2,728,456)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(413,402)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Gross profit</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>750,376</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,094,537</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,337,746</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>202,689</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Selling expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(138,903)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(195,325)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(226,036)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(34,248)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">General and administrative expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(474,163)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(125,876)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(123,311)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(18,684)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Research and development expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(57,567)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(37,516)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(44,947)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(6,810)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Impairment of intangible assets</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(131,177)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total operating expenses</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(801,810)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(358,717)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(394,294)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(59,742)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Income</strong><strong> (loss)</strong><strong> from operations</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(51,434)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>735,820</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>943,452</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>142,947</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Other income (expense):</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Interest expense</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(80,843)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(92,357)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(130,595)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(19,787)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Additional accounting charge upon</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">   conversion of Convertible Notes</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(50,857)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Interest income</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2,836</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3,403</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">4,122</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">625</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Foreign currency exchange gains (losses)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(48,474)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">52,334</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(62,882)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(9,528)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Other income (expense)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(3,321)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1,945</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1,930</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">292</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Earnings (loss)</strong><strong> </strong><strong>before income taxes</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(181,236)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>650,288</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>756,027</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>114,549</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Income tax benefit (expense)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">65,871</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(106,363)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(89,332)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(13,535)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income (loss)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(115,365)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>543,925</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>666,695</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>101,014</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Less: Earnings attributable to the noncontrolling interests</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(1,831)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(87,784)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(112,341)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(17,021)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income (loss) attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(117,196)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>456,141</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>554,354</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>83,993</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Weighted average shares and ADSs outstanding</p>
</td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Basic</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">148,416,746</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">151,678,213</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">155,987,778</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">155,987,778</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">148,416,746</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">156,085,199</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">160,441,684</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">160,441,684</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Earnings (loss) per share and per ADS</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Basic</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(0.79)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.01</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.55</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">0.54</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(0.79)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2.92</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.46</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">0.52</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Reconciliation </strong><strong>of</strong><strong> Non-GAAP measures to GAAP measures</strong></p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Non-GAAP income attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>65,183</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>556,627</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>598,329</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>90,656</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Share-based compensation attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(16,242)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(16,048)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(15,819)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(2,397)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Amortization of intangible assets attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(12,846)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(12,111)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(12,111)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(1,835)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Impairment of intangible assets attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(131,177)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Additional accounting charge upon conversion of Convertible Notes</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(50,857)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Non-cash interest expenses attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(22,114)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(21,470)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(16,045)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(2,431)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income (loss) attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(117,196)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>456,141</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>554,354</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>83,993</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Non-GAAP diluted earnings per share and per ADS</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">0.42</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.57</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.73</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">0.57</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted earnings (loss) per share and per ADS</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(0.79)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2.92</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">3.46</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">0.52</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

</table>
<br /><br /></div>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style="text-align: center;"><strong>YINGLI GREEN ENERG</strong><strong>Y HOLDING COMPANY LIMITED AND SUBSIDIARIES</strong></p>
<br />
<p style="text-align: center;"><strong>Unaudited Condensed Consolidated Statements of Operations</strong></p>
<br />
<p style="text-align: center;"><strong>(In thousands, except for share, ADS, per share and per ADS data)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-bottom: 1pt solid black;">
<p style="text-align: center;">Year ended</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black;">
<p style="text-align: center;">December 31, 2009</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black;">
<p style="text-align: center;">December 31, 2010</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">RMB</p>
</td>
<td style="border-top: 1pt solid black;"><br /></td>
<td style="border-top: 1pt solid black;">
<p style="text-align: center;">US$</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Net revenues:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Sales of PV modules</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">7,158,441</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">12,276,854</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1,860,129</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Sales of PV systems</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">50,197</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">56,662</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">8,585</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Other revenues</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">46,231</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">166,471</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">25,223</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total net revenues</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>7,254,869</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>12,499,987</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,893,937</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Cost of revenues:</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of PV modules sales</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(5,458,284)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(8,131,218)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(1,232,002)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of PV systems sales</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(39,851)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(49,190)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(7,453)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Cost of other revenues</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(42,361)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(166,794)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(25,272)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total cost of revenues</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(5,540,496)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(8,347,202)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(1,264,727)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Gross profit</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,714,373</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>4,152,785</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>629,210</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Selling expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(347,545)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(780,244)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(118,219)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="text-indent: 2pt;">General and administrative expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(732,769)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(454,418)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(68,851)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Research and development expenses</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(184,332)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(137,525)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(20,837)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Impairment of intangible assets</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(131,177)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Total operating expenses</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(1,395,823)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(1,372,187)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(207,907)</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Income</strong><strong> from operations</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>318,550</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>2,780,598</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>421,303</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Other income (expense):</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Interest expense</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(354,094)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(387,154)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(58,659)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Interest income</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">6,321</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">15,992</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">2,423</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Additional accounting charge upon</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 6pt;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">   conversion of Convertible Notes</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(22,242)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(50,857)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(7,706)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Foreign currency exchange gains (losses)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">38,389</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(338,216)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(51,245)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Loss on debt extinguishment</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(244,744)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Loss from revaluation of embedded derivative</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(231,345)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">  Other income</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">4,604</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">11,136</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1,687</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Earnings (loss) before income taxes</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(484,561)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>2,031,499</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>307,803</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Income tax benefit (expense)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">31,831</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(301,066)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(45,616)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income (loss)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(452,730)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,730,433</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>262,187</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Less: Earnings attributable to the noncontrolling interests</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(78,865)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(311,257)</p>
</td>
<td><br /></td>
<td style="border-bottom: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(47,160)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income (loss) attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(531,595)</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,419,176</strong></p>
</td>
<td><br /></td>
<td style="border-top: 1pt solid black; padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>215,027</strong></p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td><br /></td>
<td style=""><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Weighted average shares and ADSs outstanding</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td><br /></td>
<td style="padding-right: 9pt;"><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Basic</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">138,759,177</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">151,542,518</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">151,542,518</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">138,759,177</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">156,558,197</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">156,558,197</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Earnings (loss) per share and per ADS</p>
</td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style="">Basic</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(3.83)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">9.36</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1.42</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(3.83)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">9.06</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1.37</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td><br /></td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Non-GAAP income attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>292,103</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,662,771</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>251,935</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Share-based compensation attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(62,306)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(63,680)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(9,648)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Amortization of intangible assets attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(56,066)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(48,444)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(7,340)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Loss on debt extinguishment attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(244,744)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Loss from revaluation of embedded derivative attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(231,345)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Impairment of intangible assets attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(131,177)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">-</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Additional accounting charge upon conversion of Convertible Notes</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(22,242)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(50,857)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(7,706)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Non-cash interest expenses attributable to Yingli Green Energy</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(75,818)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(80,614)</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(12,214)</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style=""><strong>Net income</strong><strong> </strong><strong>(loss) attributable to Yingli Green Energy</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;"><strong>(531,595)</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>1,419,176</strong></p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;"><strong>215,027</strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Non-GAAP diluted earnings per share and per ADS</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="text-align: right;">2.03</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">10.62</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1.61</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Diluted earnings (loss) per share and per ADS</p>
</td>
<td><br /></td>
<td style="padding-right: 6pt;">
<p style="white-space: nowrap; text-align: right;">(3.83)</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">9.06</p>
</td>
<td><br /></td>
<td style="padding-right: 9pt;">
<p style="white-space: nowrap; text-align: right;">1.37</p>
</td>
<td></td>
</tr>
<tr>
<td><br /></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

</table>
<br /><br /></div>
<p>SOURCE  Yingli Green Energy Holding Company Limited</p>
</div>
</div>
<p><br /> Source: PR Newswire (February 18, 2011 - 5:45 AM EST)</p>]]>
      </description>
    </item>
    <item>
      <title>[Press Release] Yingli Green Energy and Borrego Solar Enter into New PV Module Supply Agreement</title>
      <guid>message_5645</guid>
      <pubDate>09 Feb 2011 12:08:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5645</link>
      <description>
        <![CDATA[<div>
<h2>20 MW Agreement Doubles Shipments of Yingli Solar PV Modules to Borrego Solar from 2010</h2>
<p>Feb. 9, 2011 (PR Newswire) --</p>
span.prnews_span { font-size: 8pt; font-family: "Arial"; color: black; }span.prnews_wider { background-color: yellow; font-size: 10pt; font-family: "courier new"; color: black; margin: 0in 0in 0.0001pt; }a.prnews_a { color: blue; }li.prnews_li { font-size: 8pt; font-family: "Arial"; color: black; }p.prnews_p { font-size: 8pt; font-family: "Arial"; color: black; }
<div></div>
<div>
<p>BAODING, China, Feb. 9, 2011 /PRNewswire-Asia-FirstCall/ -- Yingli  Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"  or the "Company"), a leading solar energy company and one of the world's  largest vertically integrated photovoltaic manufacturers, which markets  its products under the brand "Yingli Solar," announced today that its  U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"),  has signed a new PV module supply agreement with San Diego-based  Borrego Solar Systems Inc. ("Borrego Solar"). Under the terms of the  agreement, Yingli Americas is expected to supply 20 megawatts (MW) of PV  modules to Borrego Solar in 2011. These modules are designated for  commercial solar projects across the U.S.</p>
<p>Borrego Solar purchased 10 MW of Yingli Solar PV modules in 2010,  which were used in several high-profile projects, including the San  Diego Community College District (San Diego, CA, 2.8 MW), City of  Ridgecrest (Ridgecrest, CA, 500 kW), and San Diego County Water  Authority (San Diego, CA, 1.8 MW). In total, these projects created  approximately 400 green jobs, and are expected to deliver enough clean  solar energy to power approximately 8,500 homes.</p>
<p>(Photo: <a href="http://photos.prnewswire.com/prnh/20110209/CN44988" target="_blank">http://photos.prnewswire.com/prnh/201102...</a> )</p>
<p>"We have been impressed by Yingli Americas' dedicated team,  commitment to quality and dependable delivery since our very first  order," said Aaron Hall, President of Borrego Solar. "Borrego Solar will  always continue to work with multiple vendors, and as with the case  with Yingli Americas, we have doubled our purchase volume in 2011. We  made this decision based on our past positive experiences and the  confidence that Yingli Americas can supply our customers with reliable  products."</p>
<p>Robert Petrina, Managing Director of Yingli Americas, said, "We are  pleased to announce our expanded relationship with Borrego Solar, a  proven solar developer and committed long-term partner. With a  significant pipeline of contracted sales secured and a  highly-experienced team, we're continuing to work closely with customers  like Borrego Solar to further the accessibility of solar energy, and to  lower power costs for the end user."  </p>
<p>Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli  Green Energy, commented, "We have known Borrego Solar for several years  and value the strength of our relationship, as well as our combined  focus on solar energy adoption. Together, our companies are bringing  green jobs and clean electricity to leading commercial businesses and  institutions throughout the U.S."</p>
<p><strong>About</strong><strong> </strong><strong>Borrego</strong><strong> </strong><strong>Solar</strong></p>
<p>Established in 1980, Borrego Solar Systems, Inc. is a leading  national financier, designer and installer of commercial and government  grid-connected solar electric power systems. Borrego Solar's  photovoltaic systems are efficient, reliable and cost-effective. With  more than three decades of experience and over a 1,000 installations  completed&mdash;totaling more than 35 MW&mdash;Borrego Solar offers a comprehensive  line of design and installation services throughout California, New  England, and the Mid Atlantic. For more information, visit  www.borregosolar.com.</p>
<p><strong>About</strong><strong> </strong><strong>Yingli</strong><strong> </strong><strong>Green</strong><strong> </strong><strong>Energy</strong><strong> </strong></p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE), which  markets its products under the brand "Yingli Solar," is a leading solar  energy company and one of the world's largest vertically integrated  photovoltaic manufacturers. Yingli Green Energy's manufacturing covers  the entire photovoltaic value chain, from the production of polysilicon  through ingot casting and wafering, to solar cell production and module  assembly. Currently, Yingli Green Energy maintains a balanced vertically  integrated production capacity of over 1 GW per year. Two capacity  expansion projects of 600 MW and 100 MW are under construction in  Baoding and Hainan, respectively, which are expected to start initial  production in the middle of 2011 and will increase the Company's total  nameplate capacity to 1.7 GW in late 2011. In addition, Yingli Green  Energy's in-house polysilicon plant, Fine Silicon, which has a designed  annual production capacity of 3,000 metric tons, has successfully  started commercial operation in early August 2010. Yingli Green Energy  distributes its photovoltaic modules to a wide range of markets,  including Germany, Spain, Italy, Greece, France, South Korea, China and  the United States. Headquartered in Baoding, China, Yingli Green Energy  has more than 9,000 employees and more than 10 subsidiaries and branch  offices worldwide. Yingli Green Energy is publicly listed on the New  York Stock Exchange (NYSE: YGE). For more information, please visit  <a href="http://www.yinglisolar.com." target="_blank">http://www.yinglisolar.com.</a></p>
<p><strong>Safe</strong><strong> </strong><strong>Harbor</strong><strong> </strong><strong>Statement</strong></p>
<p>This press release contains forward-looking statements. These  statements constitute "forward-looking" statements within the meaning of  Section 21E of the Securities Exchange Act of 1934, as amended, and as  defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such  as "will," "expects," "anticipates," "future," "intends," "plans,"  "believes," "estimates," "target" and similar statements. Such  statements are based upon management's current expectations and current  market and operating conditions, and relate to events that involve known  or unknown risks, uncertainties and other factors, all of which are  difficult to predict and many of which are beyond Yingli Green Energy's  control, which may cause Yingli Green Energy's actual results,  performance or achievements to differ materially from those in the  forward- looking statements. Further information regarding these and  other risks, uncertainties or factors is included in Yingli Green  Energy's filings with the U.S. Securities and Exchange Commission.  Yingli Green Energy does not undertake any obligation to update any  forward-looking statement as a result of new information, future events  or otherwise, except as required under applicable law.</p>
<p><strong>For</strong><strong> </strong><strong>further</strong><strong> </strong><strong>information,</strong><strong> </strong><strong>please</strong><strong> </strong><strong>contact:</strong></p>
<div style="">
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td>
<p style=""><strong><em>In</em></strong><strong><em> </em></strong><strong><em>China:</em></strong></p>
</td>
<td>
<p style=""><strong><em>In</em></strong><strong><em> </em></strong><strong><em>the</em></strong><strong><em> </em></strong><strong><em>Americas:</em></strong></p>
</td>
<td>
<p style=""><strong><em>In</em></strong><strong><em> </em></strong><strong><em>Europe:</em></strong></p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Qing Miao</p>
</td>
<td>
<p style="">Helena Kimball</p>
</td>
<td>
<p style="">Rebecca Jarschel</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Director, Investor Relations</p>
</td>
<td>
<p style="">Head of Marketing Communications</p>
</td>
<td>
<p style="">Brand Manager</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Yingli Green Energy Holding Co. Ltd.</p>
</td>
<td>
<p style="">Yingli Green Energy Americas</p>
</td>
<td>
<p style="">Yingli Green Energy Europe GmbH</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Tel: +86 312 3100502</p>
</td>
<td>
<p style="">Phone: +1 603 591 5812</p>
</td>
<td>
<p style="">Telephone: +49 89 540303412</p>
</td>
<td></td>
</tr>
<tr>
<td>
<p style="">Email: ir@yinglisolar.com</p>
</td>
<td>
<p style="">Email: helena.kimball@yinglisolar.com</p>
</td>
<td>
<p style="">Email: rebecca.jarschel@ygee.eu</p>
</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
</tr>

</table>
<br /><br /></div>
<p>SOURCE  Yingli Green Energy Holding Company Limited</p>
</div>
</div>
<p><br /> Source: PR Newswire (February 9, 2011 - 7:01 AM EST)</p>]]>
      </description>
    </item>
    <item>
      <title>[Press Release] Yingli Signs a Three-Year Sales Contract to Supply 220 MW of PV Modules to S.A.G</title>
      <guid>message_5620</guid>
      <pubDate>14 Dec 2010 10:53:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5620</link>
      <description>
        <![CDATA[<p>BAODING, China, Dec. 14, 2010 /PRNewswire-Asia-FirstCall/ -- Yingli  Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"  or the "Company"), a leading solar energy company and one of the world's  largest vertically integrated photovoltaic manufacturers, which markets  its products under the brand "Yingli Solar," today announced that it  has entered into a three-year sales contract with S.A.G. Solarstrom AG  ("S.A.G."), one of the leading manufacturers, independent developers and  system integrators in the solar power and solar investment market in  Europe. Under the terms of the contract, Yingli Green Energy will supply  220 MW of PV modules to S.A.G. from 2011 through 2013. The modules are  expected to be installed in residential, commercial rooftop and  ground-mounted power plants across key European PV markets where S.A.G.  operates.</p>
<p>"We are pleased to announce our extended partnership with S.A.G.,  which will further strengthen the already successful cooperation between  us," Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli  Green Energy, commented. "This long-term contract reflects the trust  and confidence that our customers have in Yingli Green Energy's ability  to meet their increasing requirements on a consistent basis. We  recognize that strong support from our channel partners and loyal  customers is a key success factor for our sustainable growth in this  fast-growing and competitive industry."</p>
<p>"Yingli Green Energy is one of our most preferred partners due to  their excellent product quality and reliability. This secured volume of  high-quality PV modules is an important step towards implementing our  planned growth over the next few years," said Dr. Karl Kuhlmann, CEO of  S.A.G. Solarstrom AG.</p>
<p><strong>About Yingli Green Energy</strong></p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE), which  markets its products under the brand "Yingli Solar," is a leading solar  energy company and one of the world's largest vertically integrated  photovoltaic manufacturers. Yingli Green Energy's manufacturing covers  the entire photovoltaic value chain, from the production of polysilicon  through ingot casting and wafering, to solar cell production and module  assembly. Currently, Yingli Green Energy maintains a balanced production  capacity of over 1 GW per year. Two capacity expansion projects of 600  MW and 100 MW are under construction in Baoding and Hainan,  respectively, which are expected to start initial production in the  middle of 2011 and will increase the Company's total capacity to 1.7 GW  in late 2011. In addition, Yingli Green Energy's in-house polysilicon  plant, Fine Silicon, which has a designed annual production capacity of  3,000 metric tons, has successfully started commercial operation in  early August 2010. Yingli Green Energy distributes its photovoltaic  modules to a wide range of markets, including Germany, Spain, Italy,  Greece, France, South Korea, China and the United States. Headquartered  in Baoding, China, Yingli Green Energy has more than 7,000 employees and  more than 10 subsidiaries and branch offices worldwide. Yingli Green  Energy is publicly listed on the New York Stock Exchange (NYSE: YGE).  For more information, please visit <a href="http://www.yinglisolar.com." target="_blank">http://www.yinglisolar.com.</a></p>
<p><strong>Safe Harbor Statement</strong></p>
<p>This press release contains forward-looking statements. These  statements constitute "forward-looking" statements within the meaning of  Section 21E of the Securities Exchange Act of 1934, as amended, and as  defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such  as "will," "expects," "anticipates," "future," "intends," "plans,"  "believes," "estimates," "target" and similar statements. Such  statements are based upon management's current expectations and current  market and operating conditions, and relate to events that involve known  or unknown risks, uncertainties and other factors, all of which are  difficult to predict and many of which are beyond Yingli Green Energy's  control, which may cause Yingli Green Energy's actual results,  performance or achievements to differ materially from those in the  forward-looking statements. Further information regarding these and  other risks, uncertainties or factors is included in Yingli Green  Energy's filings with the U.S. Securities and Exchange Commission.  Yingli Green Energy does not undertake any obligation to update any  forward-looking statement as a result of new information, future events  or otherwise, except as required under applicable law.</p>
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong>For further information, please contact:</strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;"><br /></td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong><em>In China:</em></strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Qing Miao</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Director, Investor Relations</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Yingli Green Energy Holding Company Limited</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Tel: +86 312 3100502</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Email: ir@yinglisolar.com</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;"><br /></td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong><em>In the Americas:</em></strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Judy Tzeng Lee</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Director of Corporate Development</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Yingli Green Energy Holding Company Limited</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Phone: +1 510 8473920</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Email: judy@yinglisolar.com</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;"><br /></td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong><em>In Europe:</em></strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Rebecca Jarschel</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Brand Manager</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Yingli Green Energy Europe GmbH</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Telephone: +49 89 540303412</p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;">Email: rebecca.jarschel@ygee.eu</p>
</td>
</tr>

</table>]]>
      </description>
    </item>
    <item>
      <title>[Press Release] Yingli Secures Over 1,000 Megawatts of Solar Module Sales Contracts for 2011</title>
      <guid>message_5606</guid>
      <pubDate>30 Nov 2010 10:42:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5606</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Nov. 30, 2010</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>)  ("Yingli Green Energy" or the "Company"), a leading solar energy  company and one of the world's largest vertically integrated  photovoltaic manufacturers, which markets its products under the brand "<span>Yingli Solar</span>,"  today announced that it has entered into aggregately over 1,000  megawatts (MW) of PV module contracts for 2011 delivery, exceeding its  sales target one month ahead of previously announced schedule. Customers  under majority of those contracts were required to make prepayments to  the Company in order to ensure committed delivery in 2011.</p>
<p>"We are  pleased to announce this business milestone, which we expect will  provide more visibility into our 2011 growth and customer demand," said  Mr. <span>Liansheng Miao</span>, Chairman and Chief  Executive Officer of Yingli Green Energy. "We believe our ability to  maintain a leading position in this increasingly competitive industry is  supported by broader recognition of our premium brand, our loyal and  diversified customer-base, as well as our increasing manufacturing  capacity. We are answering increasing demand in new and emerging  markets, including <span>Italy</span>, <span>France</span>, <span>England</span>, the U.S., and <span>China</span>."</p>
<p><strong>About Yingli Green Energy</strong></p>
<p>Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>), which markets its products under the brand "<span>Yingli Solar</span>",  is a leading solar energy company and one of the world's largest  vertically integrated photovoltaic manufacturers. Yingli Green Energy's  manufacturing covers the entire photovoltaic value chain, from the  production of polysilicon through ingot casting and wafering, to solar  cell production and module assembly. Currently, Yingli Green Energy  maintains a balanced production capacity of over 1 GW per year. Two  capacity expansion projects of 600 MW and 100 MW are under construction  in Baoding and <span>Hainan</span>, respectively,  which are expected to start initial production since the middle of 2011  and will increase the Company's total capacity to 1.7 GW in late 2011.  In addition, Yingli Green Energy's in-house polysilicon plant, Fine  Silicon, which has a designed annual production capacity of 3,000 metric  tons, has successfully started commercial operation in early <span>August 2010</span>. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>Greece</span>, <span>France</span>, <span>South Korea</span>, <span>China</span> and <span>the United States</span>. Headquartered in Baoding, <span>China</span>,  Yingli Green Energy has more than 7,000 employees and more than 10  subsidiaries and branch offices worldwide. Yingli Green Energy is  publicly listed on the New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>). For more information, please visit <a href="http://us.lrd.yahoo.com/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a>.</p>
<p><strong>Safe Harbor Statement</strong></p>
<p>This  press release contains forward-looking statements. These statements  constitute "forward-looking" statements within the meaning of Section  21E of the Securities Exchange Act of 1934, as amended, and as defined  in the U.S. Private Securities Litigation Reform Act of 1995. These  forward-looking statements can be identified by terminology such as  "will," "expects," "anticipates," "future," "intends," "plans,"  "believes," "estimates," "target" and similar statements. Such  statements are based upon management's current expectations and current  market and operating conditions, and relate to events that involve known  or unknown risks, uncertainties and other factors, all of which are  difficult to predict and many of which are beyond Yingli Green Energy's  control, which may cause Yingli Green Energy's actual results,  performance or achievements to differ materially from those in the  forward- looking statements. Further information regarding these and  other risks, uncertainties or factors is included in Yingli Green  Energy's filings with the U.S. Securities and Exchange Commission.  Yingli Green Energy does not undertake any obligation to update any  forward-looking statement as a result of new information, future events  or otherwise, except as required under applicable law.</p>
<table style="border-collapse: collapse; border: medium none;">


<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong><span style="font-size: 8pt;">For further information, please contact:</span></strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;"><br /></td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><strong><em><span style="font-size: 8pt;">In China:</span></em></strong></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><span style="font-size: 8pt;">Qing Miao</span></p>
</td>
<td style="padding: 0pt; border: medium none;"></td>
</tr>
<tr>
<td style="border: 0pt none black;">
<p style="text-align: left;"><span style="font-size: 8pt;">Director, Investor Relations</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Yingli Green Energy Holding Company Limited</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Tel: +86 312 3100502</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Email: ir@yinglisolar.com</span></p>
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<p style="text-align: left;"><strong><em><span style="font-size: 8pt;">In the Americas:</span></em></strong></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Judy Tzeng Lee</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Director of Corporate Development</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Yingli Green Energy Holding Company Limited</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Phone: +1 510 8473920</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Email: judy@yinglisolar.com</span></p>
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<p style="text-align: left;"><strong><em><span style="font-size: 8pt;">In Europe:</span></em></strong></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Rebecca Jarschel</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Brand Manager</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Yingli Green Energy Europe GmbH</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Telephone: +49 89 540303412</span></p>
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<p style="text-align: left;"><span style="font-size: 8pt;">Email: rebecca.jarschel@ygee.eu</span></p>
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      <title>[Press Release] Yingli Green Energy Reports Third Quarter 2010 Results</title>
      <guid>message_5598</guid>
      <pubDate>19 Nov 2010 13:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5598</link>
      <description>
        <![CDATA[<p style="line-height: normal;"><span>BAODING, China, Nov. 19, 2010 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) (&ldquo;Yingli Green Energy&rdquo; or the &ldquo;Company&rdquo;), a leading solar energy company and one of the world&rsquo;s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand &ldquo;Yingli Solar,&rdquo; today announced its unaudited consolidated financial results for the third quarter ended September 30, 2010. </span></p>
<p style="line-height: normal;"><strong><span>Third Quarter 2010 Consolidated Financial Highlights </span></strong><span></span></p>
<ul>
<li style="line-height: normal;"><span>Total net revenues were RMB 3,284.2 million (US$490.9      million), and shipment increased by 25.2% quarter over quarter. </span></li>
<li style="line-height: normal;"><span>Gross profit was RMB 1,094.5 million (US$163.6      million), representing a gross margin of 33.3%. </span></li>
<li style="line-height: normal;"><span>Operating income was RMB 735.8 million (US$110.0      million), representing an operating margin of 22.4%.</span></li>
<li style="line-height: normal;"><span>Net income(1) was RMB 456.1 million (US$68.2 million)      and diluted earnings per ordinary share and per American depositary share      (&ldquo;ADS&rdquo;) was RMB 2.92 (US$0.44).</span></li>
<li style="line-height: normal;"><span>On an adjusted non-GAAP(2) basis, net income was RMB      556.6 million (US$83.2 million) and diluted earnings per ordinary share      and per ADS was RMB 3.57 (US$0.53).</span></li>
</ul>
<p><span style="font-size: 10pt; font-family: Symbol;"><span>&middot;<span> </span></span></span><strong>About Yingli Green Energy</strong></p>
<p><span style="font-size: 10pt; font-family: Symbol;"><span>&middot;<span> </span></span></span>Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand &ldquo;Yingli Solar&rdquo;, is a leading solar energy company and one of the world&rsquo;s largest vertically integrated photovoltaic manufacturers. Yingli Green Energy&rsquo;s manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and Hainan, respectively, and are expected to start initial production in the middle of 2011 and increase the Company&rsquo;s total capacity to 1.7 GW in late 2011. In addition, Yingli Green Energy&rsquo;s in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide.</p>
<p>Last Trade; 10.73<span> </span>52 Week: 19.11 &ndash; 8.31<span> </span>Market Cap: 1.59 Billion</p>]]>
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      <title>[Press Release] Yingli Green Energy Announces New 700 MW Capacity Expansion Projects</title>
      <guid>message_5538</guid>
      <pubDate>18 Oct 2010 12:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5538</link>
      <description>
        <![CDATA[<p>BAODING, China, <span>Oct. 15</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "<span>Yingli Solar</span>," today announced its new 700 MW capacity expansion projects to be located at Baoding headquarters and in <span>Hainan</span> province.</p>
<p>Yingli Green Energy plans to build 600 MW of PANDA mono-crystalline silicon-based manufacturing lines in each of mono-crystalline ingots and wafers, cells and modules at its Baoding headquarters, through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd. ("Yingli China"). In addition, the Company also plans to build 100 MW of multi-crystalline silicon- based manufacturing lines in <span>Haikou</span>, <span>Hainan Province</span> through <span>Yingli China</span>. With the completion of these two new expansion projects, the Company's capacity will increase to 1.7 GW. The Company expects these two new expansion projects will start initial production from the middle of 2011.</p>
<p>"The launching of these new expansion projects marks another key milestone in the rapid growth of Yingli Green Energy," commented Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy. "The demand for our 'Yingli Solar' modules continues to grow rapidly in the global market and we are pleased to further expand our capacity to meet the growing market demand and the increasing interest in our 'Yingli Solar' modules. Especially, we see robust demand momentum for the Yingli Solar Panda Module(TM) as a result of its high cell conversion efficiency targeting to reach 18.5% or above on commercial production lines by the end of this year, which is expected to help reduce the balance-of-system costs. We are confident in solidifying our leading position in the increasingly challenging industry and further increasing our market shares with our expanded capacity."</p>
<p>"With a cash balance of more than <span>RMB 4 billion</span> in bank accounts as of <span>September 30, 2010</span>, the recent registration of <span>RMB 2.4 billion</span> medium-term notes, which is a committed funding source to further optimize our overall capital structure and enhance our cash position, we currently maintain a healthy level of cash, which we believe is further supported by expected additional long term project financings from PRC domestic banks to support our capacity expansion projects," commented Mr. <span>Zongwei Li</span>, Director and Chief Financial Officer of Yingli Green Energy. "Such a robust cash position significantly helps remove the pressure for us to raise funds on stock market to finance the capacity expansion projects."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW located in Baoding and <span>Hainan</span>, respectively, have both started initial production in early <span>July 2010</span>, and are expected to bring Yingli Green Energy's nameplate capacity to 1 GW by the end of the third quarter of 2010. With the completion of another two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and <span>Hainan</span>, respectively, the Company expects to increase its nameplate capacity to 1.7 GW PV modules by the end of the third quarter of 2011. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early <span>August 2010</span>. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>Greece</span>, <span>France</span>, <span>South Korea</span>, China and <span>the United States</span>. Headquartered in Baoding, China, Yingli Green Energy has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>). For more information, please visit <a href="http://us.lrd.yahoo.com/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre><br />    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-310-0502<br />     Email: ir@yinglisolar.com<br /><br />    In the Americas:<br />     Judy Tzeng Lee<br />     Director of Corporate Development<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +1-510-847-3920<br />     Email: judy@yinglisolar.com<br /><br />    In Europe:<br />     Rebecca Jarschel<br />     Brand Manager<br />     Yingli Green Energy Europe GmbH<br />     Tel:   +49-89-540-303-412<br />     Email: rebecca.jarschel@ygee.eu</pre>]]>
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      <title>[Press Release] Yingli Green Energy Announces a Five-Year Polysilicon Supply Agreement with OCI</title>
      <guid>message_5503</guid>
      <pubDate>31 Aug 2010 01:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5503</link>
      <description>
        <![CDATA[<br /><br />
<p>BAODING, <span>China</span>, <span>Aug. 30</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "<span>Yingli Solar</span>," announced today that it has signed a five-year polysilicon supply agreement with OCI Chemical Corporation ("OCI"), a leading chemicals producer in Korea. Under the terms of the agreement, OCI has agreed to supply polysilicon with a total value of approximately <span>US$442 million</span> to Yingli Green Energy from 2011 to 2015.</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h?s=yge" target="_blank">News</a>), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly.</p>
<br /><br />]]>
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      <title>[Press Release] Yingli Green Energy Reports Second Quarter 2010 Results</title>
      <guid>message_5481</guid>
      <pubDate>19 Aug 2010 10:06:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/5481</link>
      <description>
        <![CDATA[<div>
<h2>Gross Margin Reached Historical High of 33.5%</h2>
<h2>13.7% and 5.6% Increase in GAAP and Non-GAAP Diluted EPS Quarter over Quarter</h2>
<h2>Company Reaffirmed Shipment Guidance and Raised Gross Margin Guidance for Full Year 2010</h2>
<p>Aug. 19, 2010 (PR Newswire) --</p>

<div></div>
<div>
<p>BAODING, China -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced its unaudited consolidated financial results for the quarter ended June 30, 2010.</p>
<pre>    Second Quarter 2010 Consolidated Financial Highlights<br /><br />    -- Total net revenues were RMB 2,699.6 million (US$398.1 million).<br />    -- Gross profit was RMB 905.1 million (US$133.5 million), representing a<br />       gross margin of 33.5%.<br />    -- Operating income was RMB 565.4 million (US$83.4 million), representing<br />       an operating margin of 20.9%.<br />    -- Net income(1) was RMB 217.8 million (US$32.1 million) and diluted<br />       earnings per ordinary share and per American depositary share ("ADS")<br />       was RMB 1.41 (US$0.21).<br />    -- On an adjusted non-GAAP(2) basis, net income was RMB 261.0 million<br />       (US$38.5 million) and diluted earnings per ordinary share and per ADS<br />       was RMB 1.69 (US$0.25).<br /><br /></pre>
<p>"The past few months have been very exciting for us in many ways," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "In the second quarter of 2010, we achieved a mid teen percent sequential increase in PV module shipment volume and realized a record high gross margin of 33.5%."</p>
<p>"In addition to delivering solid operational results, the Company also reached important milestones on many other fronts. In terms of marketing, our 2010 FIFA World Cup sponsorship has made a huge splash. As the market for distributed electricity generation is expanding in many major solar markets, the power to influence and decide the solar industry's future is rapidly vesting to the general public. We believe our groundbreaking 2010 FIFA World Cup sponsorship project, accompanied by a series of marketing initiatives, has effectively boosted our brand recognition both within and outside of the conventional solar community, which is expected to greatly enhance our competitive advantages in this new era. Furthermore, supported by our reliable products and services, we expect to enjoy a pricing premium and receive stronger demand as a result of our ever-increasing brand equity."</p>
<p>Mr. Miao continued, "On the research and technology front, we have commenced initial production of 300 MW PANDA high efficiency solar cells in July 2010, merely thirteen months from conceptualizing the project. In parallel, we have successfully enhanced PANDA cell conversion efficiency rate to 19% on the pilot line, and have kicked off collaboration with Innovalight to boost the average efficiency of our multicrystalline silicon based solar cells. All these efforts demonstrate our aspiration to technological advancement and our commitment to bringing the benefits of cutting-edge technologies to our valued customers."</p>
<p>"I'm also excited to report another significant operating milestone. Fine Silicon, our polysilicon manufacturing facility with a designed annual production capacity of 3,000 metric tons, has successfully commenced commercial operation since earlier this month. We expect this achievement to further strengthen our leadership as one of the world's largest vertically integrated PV manufacturers."</p>
<p>"Last but not least, we are encouraged by our accomplishments in markets around the globe. In Europe, we are fully stretched to satisfy our existing customer base and to continue to attract new customers in high growth emerging markets such as France, Italy, Czech Republic, Greece and the United Kingdom. In North America, our sales network has expanded into 18 states in the U.S., as well as Canada and the Caribbean, and we have become the leading supplier of PV modules in New Jersey and California. We have also been making progress in the rooftop and ground mounted segments and were recently selected for a number of high profile projects on both the West and the East Coasts. In China, we are enhancing our strategic cooperative relationships with utility companies in various concession bidding projects in order to further expand our footprints."</p>
<p>"For all the reasons stated above, we are confident in our prospects for a strong second half of the year," Mr. Miao concluded.</p>
<p>Second Quarter 2010 Financial Results</p>
<p>Total Net Revenues</p>
<p>Total net revenues were RMB 2,699.6 million (US$398.1 million) in the second quarter of 2010, an increase of 10.2% from RMB 2,449.9 million in the first quarter of 2010 and 80.1% from RMB1,498.9 million in the second quarter of 2009. The increase in total net revenues was primarily due to the mid teen growth rate in PV module shipment volume quarter over quarter, partially offset by the depreciation of the euro against the Renminbi.</p>
<p>Gross Profit and Gross Margin(3)</p>
<p>Gross profit in the second quarter of 2010 was RMB 905.1 million (US$133.5 million), an increase of 11.0% from RMB 815.4 million in the first quarter of 2010 and 205.4% from RMB 296.3 million in the second quarter of 2009. Gross margin was 33.5% in the second quarter of 2010, compared to 33.3% in the first quarter of 2010 and 19.8% in the second quarter of 2009. The increase in gross margin was primarily due to the better than expected average selling price and continuous decline in the blended cost of polysilicon, decreasing polysilicon usage per watt and continuous reduction in non-polysilicon cost.</p>
<p>Operating Expenses(3)</p>
<p>Operating expenses in the second quarter of 2010 were RMB 339.7 million (US$50.1 million), compared to RMB 279.5 million in the first quarter of 2010 and RMB 189.5 million in the second quarter of 2009. The increase in operating expenses this quarter was primarily attributable to higher selling expenses relating to the 2010 FIFA World Cup sponsorship, as well as increasing research and development expenses in connection with the progress of a series of research and development initiatives, including second generation PANDA cells and collaboration with Innovalight. Operating expenses as a percentage of total net revenues were 12.6% in the second quarter of 2010, compared to 11.4% in the first quarter of 2010 and 12.6% in the second quarter of 2009.</p>
<p>Operating Income and Margin</p>
<p>Operating income in the second quarter of 2010 was RMB 565.4 million (US$83.4 million), compared to RMB 535.9 million in the first quarter of 2010 and RMB 106.8 million in the second quarter of 2009.</p>
<p>Operating margin was 20.9% in the second quarter of 2010, compared to 21.9% in the first quarter of 2010 and 7.1% in the second quarter of 2009.</p>
<p>Interest Expense</p>
<p>Interest expense was RMB 73.0 million (US$10.8 million) in the second quarter of 2010, compared to RMB 91.2 million in the first quarter of 2010 and RMB 115.9 million in the second quarter of 2009. The decrease in interest expense was primarily attributable to the Company's efforts to control funding costs and increased capitalization rate of such interest expense.</p>
<p>After excluding non-cash interest expense items, interest expense was RMB 57.7 million (US$8.5 million) in the second quarter of 2010, compared to RMB 63.4 million in the first quarter of 2010 and RMB 79.1 million in the second quarter of 2009. Excluding non-cash interest expenses, the weighted average interest rate for debt outstanding in the second quarter of 2010 was 6.7%, an increase from 6.43% in the first quarter of 2010.</p>
<p>Foreign Currency Exchange Loss (Gain)</p>
<p>Foreign currency exchange loss was RMB 158.6 million (US$23.4 million) in the second quarter of 2010, compared to a foreign currency exchange loss of RMB 169.1 million in the first quarter of 2010 and a foreign currency exchange gain of RMB 108.7 million in the second quarter of 2009. The foreign currency exchange loss in this quarter was primarily due to the depreciation of the euro against the Renminbi, partially offset by the Company's hedging program.</p>
<p>Income Tax Expense</p>
<p>Income tax expense was RMB 65.9 million (US$9.7 million) in the second quarter of 2010, compared to RMB 39.5 million in the first quarter of 2010 and RMB 16.0 million in the second quarter of 2009. The increase in income tax expense was primarily due to the net operating income generated by Tianwei Yingli and Yingli Energy (China) Company Limited this quarter.</p>
<p>Net Income (Loss)</p>
<p>Net income was RMB 217.8 million (US$32.1 million) in the second quarter of 2010, compared to a net income of RMB 190.9 million in the first quarter of 2010 and a net loss of RMB 393.7 million in the second quarter of 2009. Diluted earnings per ordinary share and per ADS was RMB 1.41 (US$0.21) in the second quarter of 2010, compared to diluted earnings per ordinary share and per ADS of RMB 1.24 in the first quarter of 2010 and diluted loss per ordinary share and per ADS of RMB 3.03 in the second quarter of 2009.</p>
<p>On an adjusted non-GAAP basis, net income was RMB 261.0 million (US$38.5 million) in the second quarter of 2010, compared to a net income of RMB 246.8 million in the first quarter of 2010 and a net income of RMB 119.8 million in the second quarter of 2009. Adjusted non-GAAP diluted earnings per ordinary share and per ADS were RMB 1.69 (US$0.25) in the second quarter of 2010, compared to a non-GAAP diluted earnings per ordinary share and per ADS of RMB 1.60 in the first quarter of 2010 and a non-GAAP diluted earnings per ordinary share and per ADS of RMB 0.91 in the second quarter of 2009.</p>
<p>Also on an adjusted non-GAAP basis, further excluding the foreign currency exchange loss (gain), net income was RMB 419.6 million (US$61.9 million) in the second quarter of 2010, compared to a net income of RMB 415.9 million in the first quarter of 2010 and a net income of RMB 11.1 million in the second quarter of 2009. Adjusted non-GAAP diluted earnings per ordinary share and per ADS excluding foreign exchange loss were RMB 2.72 (US$0.40) in the second quarter of 2010, compared to a non-GAAP diluted earnings per ordinary share and per ADS excluding foreign exchange loss of RMB 2.70 in the first quarter of 2010 and a non-GAAP diluted earnings per ordinary share and per ADS excluding foreign exchange gain of RMB 0.09 in the second quarter of 2009.</p>
<p>Balance Sheet Analysis</p>
<p>As of June 30, 2010, Yingli Green Energy had RMB 4,079.4 million (US$601.5 million) in cash, restricted cash and long-term restricted cash, compared to RMB 4,355.6 million as of March 31, 2010. Working capital (current assets less current liabilities) was RMB 610.0 million (US$89.9 million) as of June 30, 2010, compared to RMB 661.2 million as of March 31, 2010.</p>
<p>As of the date of this press release, the Company had approximately RMB 12,326 million in authorized lines of credit, of which RMB 5,426 million had not been utilized.</p>
<p>Business Outlook for Full Year 2010</p>
<p>Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reaffirms its PV module shipment target to be in the estimated range of 950 MW to 1 GW for fiscal year 2010, which represents an increase of 80.8% to 90.4% compared to fiscal year 2009.</p>
<p>In addition, based on the strong gross margin performance in the first half of 2010, the estimated ramp up cost of Fine Silicon, the 400 MW new capacities put into initial operation in July 2010, the expected average selling price of PV modules and forecasted exchange rates of the euro and U.S. dollar against the Renminbi, the Company raises its gross margin target to the estimated range of 28% to 30% from the previous estimated range of 27% to 29% for fiscal year 2010.</p>
<p>Non-GAAP Financial Measures</p>
<p>To supplement the financial measures calculated in accordance with GAAP, this press release includes certain non-GAAP financial measures of adjusted net income (loss) and adjusted diluted earnings (loss) per ordinary share and per ADS, each of which is adjusted to exclude items related to share-based compensation, the non-cash interest expense, the non-cash loss due to the changes in the fair value of the embedded derivative liability, loss on debt extinguishment, and the amortization of intangible assets arising from purchase price allocation in connection with a series of acquisitions of equity interests in Tianwei Yingli. The Company believes excluding these items from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such items are not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company also believes these non-GAAP financial measures are important to help investors understand the Company's current financial performance and future prospects and compare business trends among different reporting periods on a consistent basis. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. For a reconciliation of each of these non- GAAP financial measures to the most directly comparable GAAP financial measure, please see the financial information included elsewhere in this press release.</p>
<p>Currency Conversion</p>
<p>Solely for the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB 6.7815 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board as of June 30, 2010. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollar amounts at such rate, or at any other rate. The percentages stated in this press release are calculated based on Renminbi.</p>
<p>Conference Call</p>
<p>Yingli Green Energy will host a conference call and live webcast to discuss the results on August 19, 2010 at 8:00 AM Eastern Daylight Time (EDT), which corresponds to same day 8:00 PM Beijing/Hong Kong time.</p>
<pre>    The dial-in details for the live conference call are as follows:<br />    -- U.S. Toll Free Number: +1-866-356-3095<br />    -- International dial-in number: +1-617-597-5391<br />    -- Passcode: 84476852#<br /></pre>
<p>A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at <a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.com</a> . A replay will be available shortly after the call on Yingli Green Energy's website for 90 days.</p>
<p>A replay of the conference call will be available until September 2, 2010 by dialing:</p>
<pre>    -- U.S. Toll Free Number: +1-888-286-8010<br />    -- International dial-in number: +1-617-801-6888<br />    -- Passcode: 29288987#<br /><br /></pre>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE), which holds the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW located in Baoding and Hainan, respectively, have both started initial production in early July 2010, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of the third quarter of 2010. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit <a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.com</a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Phone: +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br /><br /><br />            YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES<br /><br />                  Unaudited Condensed Consolidated Balance Sheets<br />                                   (In thousands)<br /><br />                                           As of<br />                                        December 31,    As of June 30, 2010<br />                                            2009<br />                                            RMB           RMB         US$<br />    ASSETS<br />    Current assets:<br />      Cash and restricted cash            3,463,278    3,911,616     576,807<br />      Accounts receivable, net            1,827,490    1,438,975     212,191<br />      Inventories                         1,665,021    1,868,115     275,472<br />      Prepayments to suppliers              329,457      439,740      64,844<br />      Prepaid expenses and other<br />       current assets                       671,229      889,641     131,187<br />    Total current assets                  7,956,475    8,548,087   1,260,501<br /><br />    Long-term prepayments to suppliers      678,311      531,840      78,425<br />    Property, plant and equipment, net    6,573,851    8,716,685   1,285,362<br />    Land use rights                         354,560      362,598      53,469<br />    Goodwill and intangible assets, net     481,492      457,131      67,409<br />    Restricted cash, excluding<br />     current portion                        167,774      167,774      24,740<br />    Other assets                             44,642       60,594       8,935<br />    Total assets                         16,257,105   18,844,709   2,778,841<br /><br />    LIABILITIES AND SHAREHOLDERS' EQUITY<br />    Current liabilities:<br />      Short-term bank borrowings,<br />       including current portion of<br />       long-term bank borrowings          3,501,027    4,061,518     598,912<br />      Convertible senior notes            1,291,843    1,324,341     195,287<br />      Accounts payable                    1,852,216    2,124,916     313,340<br />      Other current liabilities and<br />       accrued expenses                     294,302      427,354      63,018<br />    Total current liabilities             6,939,388    7,938,129   1,170,557<br /><br />    Senior secured convertible notes        100,139      165,878      24,461<br />    Long-term bank borrowings,<br />     excluding current portion              752,809    1,501,067     221,347<br />    Other liabilities                       278,910      402,686      59,380<br />    Total liabilities                     8,071,246   10,007,760   1,475,745<br /><br />    Shareholders' equity:<br />      Ordinary shares                        11,363       11,437       1,687<br />      Additional paid-in capital          6,130,890    6,165,245     909,127<br />      Accumulated other comprehensive<br />       income                                12,784       35,809       5,280<br />      Retained earnings                     480,037      888,717     131,050<br />    Total equity attributable to<br />     Yingli Green Energy                  6,635,074    7,101,208   1,047,144<br />    Noncontrolling interests              1,550,785    1,735,741     255,952<br />    Total shareholders' equity            8,185,859    8,836,949   1,303,096<br />    Total liabilities and<br />     shareholders' equity                16,257,105   18,844,709   2,778,841<br /><br /><br /><br />            YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES<br /><br />             Unaudited Condensed Consolidated Statements of Operations<br />         (In thousands, except for share, ADS, per share and per ADS data)<br /><br />                                           Three months ended<br />                             June 30,      March 31,       June 30, 2010<br />                              2009(3)        2010<br />                                RMB           RMB          RMB         US$<br />    Net revenues:<br />      Sales of PV modules   1,460,715     2,411,894    2,655,926     391,643<br />      Sales of PV systems      32,813        20,709        5,704         841<br />      Other revenues            5,374        17,324       37,991       5,602<br />    Total net revenues      1,498,902     2,449,927    2,699,621     398,086<br />    Cost of revenues:<br />      Cost of PV modules<br />       sales               (1,170,870)   (1,598,405)  (1,752,976)   (258,494)<br />      Cost of PV systems<br />       sales                  (26,626)      (18,436)      (7,290)     (1,075)<br />      Cost of other<br />       revenues                (5,089)      (17,643)     (34,295)     (5,057)<br />    Total cost of<br />     revenues              (1,202,585)   (1,634,484)  (1,794,561)   (264,626)<br />    Gross profit              296,317       815,443      905,060     133,460<br />    Selling expenses          (62,156)     (156,366)    (202,518)    (29,863)<br />    General and<br />     administrative<br />     expenses                 (81,233)     (106,934)     (98,297)    (14,495)<br />    Research and<br />     development expenses     (46,130)      (16,216)     (38,846)     (5,728)<br />    Total operating<br />     expenses                (189,519)     (279,516)    (339,661)    (50,086)<br />    Income from operations    106,798       535,927      565,399      83,374<br />    Other income (expense):<br />      Interest expense       (115,923)      (91,174)     (73,027)    (10,769)<br />      Interest income             830         3,295        5,173         763<br />      Foreign currency<br />       exchange gains<br />       (losses)               108,710      (169,062)    (158,607)    (23,388)<br />      Loss on debt<br />       extinguishment        (244,745)           --           --          --<br />      Loss on derivative<br />       liabilities           (204,246)           --           --          --<br />      Other income                836         3,543        3,717         548<br />    Earnings (loss)<br />     before income taxes     (347,740)      282,529      342,655      50,528<br />    Income tax expense        (15,998)      (39,467)     (65,905)     (9,718)<br />    Net income (loss)        (363,738)      243,062      276,750      40,810<br />    Less: Earnings<br />     attributable to<br />     the noncontrolling<br />     interests                (29,943)      (52,184)     (58,948)     (8,693)<br />    Net income (loss)<br />     attributable to<br />     Yingli Green Energy     (393,681)      190,878      217,802      32,117<br />    Weighted average<br />     shares and ADSs<br />     outstanding<br />    Basic                 130,044,300   148,992,178  149,427,769 149,427,769<br />    Diluted               130,044,300   154,060,104  154,164,790 154,164,790<br /><br />    Earnings (loss) per<br />     share and per ADS<br />    Basic                       (3.03)         1.28         1.46        0.21<br />    Diluted                     (3.03)         1.24         1.41        0.21<br /><br /><br /><br />    Reconciliation of Non-GAAP measures to GAAP measures<br /><br />                                                 Three months ended<br />                                       June 30,  March 31,    June 30, 2010<br />                                         2009       2010<br />                                          RMB        RMB       RMB      US$<br />    Non-GAAP income                    119,794    246,792   261,023   38,490<br />    Share-based compensation           (14,721)   (16,052)  (15,761)  (2,324)<br />    Amortization of intangible assets  (12,971)   (12,111)  (12,111)  (1,786)<br />    Loss on embedded derivative<br />     liability                        (204,246)        --        --       --<br />    Loss on debt extinguishment       (244,745)        --        --       --<br />    Non-cash interest expenses         (36,792)   (27,751)  (15,349)  (2,263)<br />    Net income (loss) attributable<br />     to Yingli Green Energy           (393,681)   190,878   217,802   32,117<br />    Non-GAAP diluted earnings per<br />     share and per ADS                    0.91       1.60      1.69     0.25<br />    Diluted earnings (loss)<br />     per share and per ADS               (3.03)      1.24      1.41     0.21<br /><br /><br />    (1) For convenience purposes, all references to "net income (loss)" in<br />        this press release, unless otherwise specified, represent "net income<br />        (loss) attributable to Yingli Green Energy" for all periods presented.<br />    (2) All non-GAAP measures exclude share-based compensation, the non-cash<br />        interest expenses, the non-cash loss due to the changes in the fair<br />        value of the embedded derivative liability, loss on debt<br />        extinguishment, and the amortization of intangible assets arising from<br />        purchase price allocation in connection with a series of acquisitions<br />        of equity interests in Baoding Tianwei Yingli New Energy Resources Co.,<br />        Ltd. ("Tianwei Yingli"), an operating subsidiary of the Company. For<br />        further details on non-GAAP measures, please refer to the<br />        reconciliation table and a detailed discussion of the Company's use of<br />        non-GAAP information set forth elsewhere in this press release.<br />    (3) The Company's previously reported unaudited second quarter 2009<br />        financial results have been revised to reflect a reclassification of<br />        warranty and shipping cost of RMB 22.5 million from cost of revenues<br />        to selling expenses in order to better reflect the nature of these<br />        expenses and to increase the comparability of information with the<br />        Company's peers.<br /><br /><br /></pre>
<p>SOURCE  Yingli Green Energy Holding Company Limited</p>
</div>
 <img src="http://links.newstex.com/image?c=9100008&amp;p=105090&amp;s=48014469" />
<p>Qing Miao, Director, Investor Relations, Yingli Green Energy Holding Company Limited at +86-312-3100-502 or ir@yinglisolar.com</p>
</div>
<p><br /> Source: PR Newswire (August 19, 2010 - 6:06 AM EDT)</p>]]>
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      <title>[Press Release] Yingli Green Energy Reports Fourth Quarter and Full Year 2009 Results</title>
      <guid>message_4927</guid>
      <pubDate>08 Mar 2010 13:16:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4927</link>
      <description>
        <![CDATA[<p><span style="font-family: arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 15px;">
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">BAODING, China, <span style="line-height: 1.22em;">March 8</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AiqL3L9564y.D.dl7ZH3.eOxcq9_;_ylu=X3oDMTB0bDV0YnRwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AjB1WsiOWrkAQvJWdJp0HROxcq9_;_ylu=X3oDMTB1Y2RwaWtlBHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDbmV3cw--?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers which holds the brand "<span style="line-height: 1.22em;">Yingli Solar</span>," today announced its unaudited consolidated financial results for the fourth quarter and full year ended <span style="line-height: 1.22em;">December 31, 2009</span>.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    Fourth Quarter 2009 Consolidated Financial and Operating Highlights<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    -- Total net revenues were RMB 2,530.9 million (US$370.8 million) and PV<br style="line-height: 1.22em;" />       module shipment volume increased by 15.7% quarter over quarter,<br style="line-height: 1.22em;" />       reaching a historical high.<br style="line-height: 1.22em;" />    -- Gross profit (1) was RMB 750.4 million (US$109.9 million) and gross<br style="line-height: 1.22em;" />       margin was 29.6%.<br style="line-height: 1.22em;" />    -- Operating income was RMB 111.1 million (US$16.3 million) and operating<br style="line-height: 1.22em;" />       margin was 4.4%.<br style="line-height: 1.22em;" />    -- Net loss (2) was RMB 44.8 million (US$6.6 million) and diluted loss per<br style="line-height: 1.22em;" />       ordinary share and per American depositary share ("ADS") was RMB 0.30<br style="line-height: 1.22em;" />       (US$0.04).<br style="line-height: 1.22em;" />    -- On an adjusted non-GAAP (3) basis, net income was RMB 137.5 million<br style="line-height: 1.22em;" />       (US$20.2 million) and diluted earnings per ordinary share and per ADS<br style="line-height: 1.22em;" />       was RMB 0.89 (US$0.13).<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Full Year 2009 Consolidated Financial and Operating Highlights<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    -- Total net revenues were RMB 7,254.9 million (US$1,062.8 million) and PV<br style="line-height: 1.22em;" />       module shipments increased by 86.6% year over year to 525.3 MW.<br style="line-height: 1.22em;" />    -- Gross profit (4) was RMB 1,714.4 million (US$251.2 million) and gross<br style="line-height: 1.22em;" />       margin was 23.6%.<br style="line-height: 1.22em;" />    -- Net loss was RMB 459.2 million (US$67.3 million) and fully diluted loss<br style="line-height: 1.22em;" />       per ordinary share and per ADS was RMB 3.31 (US$0.48).<br style="line-height: 1.22em;" />    -- On an adjusted non-GAAP basis, net income for the full year 2009 was<br style="line-height: 1.22em;" />       RMB 364.5 million (US$53.4 million) and fully diluted earnings per<br style="line-height: 1.22em;" />       ordinary share and per ADS was RMB 2.53 (US$0.37).<br style="line-height: 1.22em;" /></pre>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"I am very pleased to close 2009 with a strong fourth quarter," said Mr. <span style="line-height: 1.22em;">Liansheng Miao</span>, Chairman and CEO of Yingli Green Energy, "Our PV module shipments for the fourth quarter increased by 15.7% over the previous quarter, and the fourth quarter gross margin continued to improve, reaching 29.6%, reflecting our continued efforts to balance profitability and market share expansion. Although 2009 was a challenging year for us and the solar industry as a whole, Yingli Green Energy was able to emerge stronger by increasing full year PV module shipments by 86.6% year over year to 525.3 MW. Two main factors contributed to our solid shipment growth. First, by satisfying vigorous demand for our highly bankable and cost-effective products, we have enhanced cooperation with our top existing customers. Second, we were able to attract an influx of orders from new customers with our strong brand, well established reputation and integrated service model."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Mr. Miao continued, "Looking into 2010, in view of the shared anticipation of global industry growth and the robust flow of purchase orders and inquiries that we have already received, we are confident in our ability to achieve our full year PV module shipment guidance of 950 MW to 1 GW. This confidence is further supported by our planned capacity expansion. In spite of the expected cuts in feed-in tariff subsidies in <span style="line-height: 1.22em;">Germany</span> in the middle of the year, which may put pressure on the module price, we expect to experience a sustainable growth in the German market in 2010 by capitalizing on our solid position and extensive customer base in that market. In addition, we are expanding our footprint rapidly in the US, <span style="line-height: 1.22em;">Spain</span>, <span style="line-height: 1.22em;">Italy</span>, China and other emerging markets to further drive our growth. To back up our shipment target and goal of further market share expansion, we are actively implementing a 300 MW strategic capacity expansion plan of high efficiency mono-crystalline silicon-based, vertically integrated production lines at our Baoding headquarters. Combined with the existing 600 MW production capacity in Baoding and the 100 MW capacity under construction in <span style="line-height: 1.22em;">Hainan Province</span>, this new expansion project is expected to bring our total production capacity to 1 GW by the end of 2010. In this expansion project, we will adopt new technologies developed from our PANDA project, through which we have already developed next-generation PV cells with an average efficiency rate of 18% or higher on pilot production lines. We expect that the average efficiency rate of our next-generation PV cells will reach at least 18.5% on the commercial application lines by the end of this year. With this expansion in place, we will be better positioned than ever to solidify our leadership in the global PV market."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Mr. Miao went on to say, "As a leading solar company, we are not only responsible for our customers but also for our community, environment, and the advancement of science and technology. Attesting to our core values of 'responsibility, trust and innovation' during fiscal year 2009, we became the first Chinese company to obtain the SA 8000 social accountability certification, to join PV CYCLE and to receive the TUV Rheinland 'Power Controlled' certification. Furthermore, as announced earlier this year, we are proud to be supporting the construction of the State Key Laboratory of PV Technology at our manufacturing base in Baoding. The laboratory will serve as a platform to commercialize cutting-edge PV technologies at our fully vertically integrated production lines."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"Throughout 2009, we focused on promoting our 'Yingli Solar' brand. To deepen our relationships with existing customers and reach out to more potential customers, we joined the privileged ranks of official sponsors of the 2010 FIFA World Cup in <span style="line-height: 1.22em;">South Africa</span>. By associating our brand with one of the world's most popular sporting events, we look forward to better communicating our brand and demonstrating our commitment to making solar energy a clean, enduring and cost-effective energy solution for all humankind," Mr. Miao concluded.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Fourth Quarter 2009 Financial Results</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Total Net Revenues</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Total net revenues were <span style="line-height: 1.22em;">RMB 2,530.9 million</span> (<span style="line-height: 1.22em;">US$370.8 million</span>) in the fourth quarter of 2009, an increase of 13.7% from <span style="line-height: 1.22em;">RMB 2,225.2 million</span> in the third quarter of 2009 and an increase of 43.7% from <span style="line-height: 1.22em;">RMB 1,761.2 million</span> in the fourth quarter of 2008. The increase from the third quarter of 2009 was primarily due to a 15.7% increase in PV module shipment volume over the previous quarter, a result of the increasingly well-recognized 'Yingli Solar' brand, solid and diversified customer base, enhanced sales channels and stronger customer service offerings, as well as the recovery of the solar industry from the global economic recession.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Gross Profit and Gross Margin (1)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Gross profit in the fourth quarter of 2009 was <span style="line-height: 1.22em;">RMB 750.4 million</span> (<span style="line-height: 1.22em;">US$109.9 million</span>), an increase of 50.0% from<span style="line-height: 1.22em;">RMB 500.3 million</span> in the third quarter of 2009 and 187.9% from <span style="line-height: 1.22em;">RMB 260.6 million</span> in the fourth quarter of 2008. Gross margin was 29.6% in the fourth quarter of 2009, up from 22.5% in the third quarter of 2009 and 14.8% in the fourth quarter of 2008. The increase in gross margin was primarily due to the continuous decline in the blended cost of polysilicon, decreasing polysilicon usage per watt, continuous reduction in non-polysilicon cost, and the relatively flattish average selling price in the fourth quarter of 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating Expenses</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating expenses in the fourth quarter of 2009 were <span style="line-height: 1.22em;">RMB 639.3 million</span> (<span style="line-height: 1.22em;">US$93.7 million</span>), compared to <span style="line-height: 1.22em;">RMB 257.5 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 162.8 million</span> in the fourth quarter of 2008. The significant increase in operating expenses from previous quarters was primarily attributable to a non-cash impairment of intangible assets relating to long-term supply agreements of <span style="line-height: 1.22em;">RMB 131.2 million</span> (<span style="line-height: 1.22em;">US$19.2 million</span>) and a non-cash bad debt expense of <span style="line-height: 1.22em;">RMB 184.3 million</span> (<span style="line-height: 1.22em;">US$27.0 million</span>) related to settlements with two particular customers in the fourth quarter.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">The impairment of intangible assets relating to long-term supply agreements arose from the purchase price allocation in connection with a series of acquisitions of equity interests in Tianwei Yingli in 2006, 2007 and 2008. As a result of the continuous decrease in the price of polysilicon, the Company has recognized an impairment loss of <span style="line-height: 1.22em;">RMB 131.2 million</span> (<span style="line-height: 1.22em;">US$19.2 million</span>) to reflect the difference between the carrying amount and the fair value of the intangible assets. The impairment of intangible assets and the bad debt expense were non-cash charges and had no impact on the Company's cash flow.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">After excluding the two non-cash charges, operating expenses in the fourth quarter of 2009 were <span style="line-height: 1.22em;">RMB 323.8 million</span> (<span style="line-height: 1.22em;">US$47.4 million</span>), compared to <span style="line-height: 1.22em;">RMB 257.5 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 162.8 million</span> in the fourth quarter of 2008. Operating expenses as a percentage of total net revenues was 12.8% in the fourth quarter of 2009, compared to 11.6% in the previous quarter.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating Income and Margin</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating income in the fourth quarter of 2009 was <span style="line-height: 1.22em;">RMB 111.1 million</span> (<span style="line-height: 1.22em;">US$16.3 million</span>), compared to <span style="line-height: 1.22em;">RMB 242.8 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 97.8 million</span> in the fourth quarter of 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating margin was 4.4% in the fourth quarter of 2009, compared to 10.9% in the third quarter of 2009 and 5.6% in the fourth quarter of 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Interest Expense</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Interest expense was <span style="line-height: 1.22em;">RMB 80.8 million</span> (<span style="line-height: 1.22em;">US$11.8 million</span>) in the fourth quarter of 2009, compared to <span style="line-height: 1.22em;">RMB 100.6 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 51.7 million</span> (5) in the fourth quarter of 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">After excluding non-cash interest expenses, interest expense was <span style="line-height: 1.22em;">RMB 58.7 million</span> (<span style="line-height: 1.22em;">US$8.6 million</span>) in the fourth quarter of 2009, compared to <span style="line-height: 1.22em;">RMB 68.2 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 48.5 million</span> in the fourth quarter of 2008. The weighted average interest rate for the borrowings in the fourth quarter of 2009 was 6.27%, a decrease from 6.66% in the third quarter of 2009, both measured on a basis excluding non-cash interest expenses. The decrease in weighted average interest rate was a result of the Company's efforts to reduce funding costs.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Foreign Currency Exchange Loss (Gain)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Foreign currency exchange loss was <span style="line-height: 1.22em;">RMB 48.5 million</span> (<span style="line-height: 1.22em;">US$7.1 million</span>) in the fourth quarter of 2009, compared to a foreign currency exchange gain of <span style="line-height: 1.22em;">RMB 71.8 million</span> in the third quarter of 2009 and a foreign currency exchange gain of <span style="line-height: 1.22em;">RMB 68.7 million</span> in the fourth quarter of 2008. The foreign currency exchange loss in the fourth quarter of 2009 was primarily due to the depreciation of the Euro against the Renminbi.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Income Tax Benefit (Expense)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Income tax benefit was <span style="line-height: 1.22em;">RMB 1.1 million</span> (<span style="line-height: 1.22em;">US$0.2 million</span>) in the fourth quarter of 2009, compared to an income tax expense of <span style="line-height: 1.22em;">RMB 31.0 million</span> in the third quarter of 2009 and an income tax benefit of <span style="line-height: 1.22em;">RMB 3.1 million</span> in the fourth quarter of 2008. The income tax benefit in the fourth quarter of 2009 was primarily due to the write-off of defer tax liability as a result of intangible assets impairment, netted off by the income tax expense incurred by Tianwei Yingli and Yingli Energy (China) Company Limited ("Yingli China"), a wholly-owned subsidiary of the Company. Under the PRC Enterprise Income Tax Law and the various implementation rules, Tianwei Yingli was subject to an enterprise income tax rate of 0% in 2008 and 12.5% in 2009, and <span style="line-height: 1.22em;">Yingli China</span> was subject to an enterprise income tax rate of 15% in both 2008 and 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Net Loss (Income)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">As a result of the factors discussed above, net loss was <span style="line-height: 1.22em;">RMB44.8 million</span> (<span style="line-height: 1.22em;">US$6.6 million</span>) in the fourth quarter of 2009, compared to net income of <span style="line-height: 1.22em;">RMB 120.8 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 82.0 million</span> (6) in the fourth quarter of 2008. Diluted loss per ordinary share and per ADS was <span style="line-height: 1.22em;">RMB 0.30</span> <span style="line-height: 1.22em;">(US$0.04)</span> in the fourth quarter of 2009, compared to diluted earnings per ordinary share and per ADS of <span style="line-height: 1.22em;">RMB 0.79</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 0.64</span> in the fourth quarter of 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">On an adjusted non-GAAP basis, net income was <span style="line-height: 1.22em;">RMB 137.5 million</span> (<span style="line-height: 1.22em;">US$20.2 million</span>) in the fourth quarter of 2009, compared to <span style="line-height: 1.22em;">RMB 184.2 million</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 111.4 million</span> in the fourth quarter of 2008. Adjusted non-GAAP diluted earnings per ordinary share and per ADS were <span style="line-height: 1.22em;">RMB 0.89</span> <span style="line-height: 1.22em;">(US$0.13)</span> in the fourth quarter of 2009, compared to <span style="line-height: 1.22em;">RMB 1.20</span> in the third quarter of 2009 and <span style="line-height: 1.22em;">RMB 0.86</span> in the fourth quarter of 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Balance Sheet Analysis</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">As of <span style="line-height: 1.22em;">December 31, 2009</span>, Yingli Green Energy had <span style="line-height: 1.22em;">RMB 3,631.1 million</span> (<span style="line-height: 1.22em;">US$532.0 million</span>) in cash and restricted cash, compared to <span style="line-height: 1.22em;">RMB 2,657.6 million</span> as of <span style="line-height: 1.22em;">September 30, 2009</span>. The increase in cash was primarily a result of positive operating cash flow resulting from the improved collection of accounts receivables.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Working capital was <span style="line-height: 1.22em;">RMB 1,114.9 million</span> (<span style="line-height: 1.22em;">US$163.3 million</span>) as of <span style="line-height: 1.22em;">December 31, 2009</span>, compared to 3,045.3 million as of <span style="line-height: 1.22em;">September 30, 2009</span>. The decrease in working capital was primarily a result of the reclassification of the Company's convertible senior notes of <span style="line-height: 1.22em;">RMB 1,291.8 million</span> (<span style="line-height: 1.22em;">US$189.3 million</span>) due in <span style="line-height: 1.22em;">December 2010</span>.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">As of the date of this press release, the Company had approximately <span style="line-height: 1.22em;">RMB 9,962 million</span> in authorized lines of credit, of which <span style="line-height: 1.22em;">RMB 5,799 million</span> had been utilized.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Full Year 2009 Results<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /></pre>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Total Net Revenues</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Total net revenues for the full year 2009 were <span style="line-height: 1.22em;">RMB 7,254.9 million</span> (<span style="line-height: 1.22em;">US$1,062.8 million</span>), compared to <span style="line-height: 1.22em;">RMB 7,553.0 million</span> for the full year 2008. PV module shipment volume for the full year 2009 was 525.3 MW, an increase of 86.6% from 281.5 MW for the full year 2008. The increase in total shipments was primarily due to the Company's increasingly well-recognized brand, solid and diversified customer base, enhanced sales channels and stronger customer service offerings, and was supported by the completion of an additional 200 MW of total production capacity for each of polysilicon ingots and wafers, PV cells and PV modules in <span style="line-height: 1.22em;">July 2009</span>. The decrease in net revenues despite the 86.6% shipment increase was primarily due to a significant reduction in the average selling price for PV modules, which was caused by the rationalization of profitability across each stage along the solar value chain catalyzed by the recent global financial crisis and the depreciation of the Euro against the Renminbi.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Gross Profit and Margin (4)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Gross profit for the full year 2009 was <span style="line-height: 1.22em;">RMB 1,714.4 million</span> (<span style="line-height: 1.22em;">US$251.2 million</span>), compared to <span style="line-height: 1.22em;">RMB 1,767.2 million</span> for 2008. Gross margin was 23.6% for the full year 2009, compared to 23.4% in 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">The slight increase in gross margin for the full year 2009 was primarily a result of our continuous efforts in reducing blended cost of polysilicon and non-polysilicon processing cost, despite of the sharp decrease in the average selling price for PV modules.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating Expenses</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Operating expenses for the full year 2009 were <span style="line-height: 1.22em;">RMB 1,233.3 million</span> (<span style="line-height: 1.22em;">US$180.7 million</span>), compared to <span style="line-height: 1.22em;">RMB 613.9 million</span> in 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">After excluding the two non-cash charges with a total amount of <span style="line-height: 1.22em;">RMB 315.5 million</span> (<span style="line-height: 1.22em;">US$46.2 million</span>) in the fourth quarter, operating expenses were <span style="line-height: 1.22em;">RMB 917.8 million</span> (<span style="line-height: 1.22em;">US$134.5 million</span>) for the full year of 2009, compared to <span style="line-height: 1.22em;">RMB 613.9 million</span> in 2008. Operating expenses as a percentage of net revenues was 12.7% in the full year 2009, compared to 8.1% in 2008. The increase in operating expenses was primarily attributable to the Company's expanded scale of operations, increased marketing and promotional activities in both existing and emerging solar markets, and increased research and development expenses in connection with the launch of a series of new initiatives, including Project PANDA.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Interest Expense</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Interest expense for the full year 2009 was <span style="line-height: 1.22em;">RMB 376.3 million</span> (<span style="line-height: 1.22em;">US$55.1 million</span>), compared to <span style="line-height: 1.22em;">RMB 162.1 million</span> in 2008. The interest expense for the full year 2009 included non-cash interest expenses of <span style="line-height: 1.22em;">RMB 98.1 million</span> (<span style="line-height: 1.22em;">US$14.4 million</span>), compared to <span style="line-height: 1.22em;">RMB 10.4 million</span> in 2008. Such non-cash interest expenses were related to the derivative liabilities bifurcated from the Company's convertible notes issued in <span style="line-height: 1.22em;">January 2009</span>, the beneficial conversion feature of the convertible notes issued in <span style="line-height: 1.22em;">July 2009</span>, the freestanding warrants issued in connection with a loan facility provided by ADM Capital in <span style="line-height: 1.22em;">April 2009</span>, and the equity component bifurcated from the Company's convertible notes issued in <span style="line-height: 1.22em;">December 2007</span>.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">After excluding the non-cash interest expenses, interest expense was <span style="line-height: 1.22em;">RMB 278.3 million</span> (<span style="line-height: 1.22em;">US$40.8 million</span>), compared to <span style="line-height: 1.22em;">RMB 151.8 million</span> in 2008. The increase in interest expense was consistent with the increase in short-term borrowings from <span style="line-height: 1.22em;">RMB 2,044.2 million</span> as of <span style="line-height: 1.22em;">December 31, 2008</span> to <span style="line-height: 1.22em;">RMB 3,501.0 million</span> (<span style="line-height: 1.22em;">US$512.9 million</span>) as of <span style="line-height: 1.22em;">December 31, 2009</span> and the increase in long-term bank borrowings from <span style="line-height: 1.22em;">RMB 663.0 million</span> as of<span style="line-height: 1.22em;">December 31, 2008</span> to <span style="line-height: 1.22em;">RMB 752.8 million</span> (<span style="line-height: 1.22em;">US$110.3 million</span>) as of <span style="line-height: 1.22em;">December 31, 2009</span>. The weighted average interest rate for these borrowings in 2009 was 7.07%, which slightly increased from 6.93% in 2008.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Foreign Currency Exchange Gain (Loss)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Foreign currency exchange gain was <span style="line-height: 1.22em;">RMB 38.4 million</span> (<span style="line-height: 1.22em;">US$5.6 million</span>) for the full year 2009, compared to a foreign currency exchange loss of <span style="line-height: 1.22em;">RMB 66.3 million</span> for the full year 2008. The foreign currency exchange gain for the full year 2009 was primarily due to the appreciation of the Euro against the Renminbi during the second and third quarters of 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Loss on Debt Extinguishment</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Loss on debt extinguishment of <span style="line-height: 1.22em;">RMB 244.7 million</span> (<span style="line-height: 1.22em;">US$35.8 million</span>) was a one-time, non-cash charge recognized in the second quarter of 2009, which was a result of the early full repayment of the <span style="line-height: 1.22em;">US$50 million</span>three-year loan facility provided by ADM Capital in <span style="line-height: 1.22em;">January 2009</span>. The loss represents the difference between the amount repaid and the carrying value of the loan on the date of the debt repayment which had no impact on the Company's cash flow.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Loss on Derivative Liabilities</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Loss on derivative liabilities of <span style="line-height: 1.22em;">RMB 231.3 million</span> (<span style="line-height: 1.22em;">US$33.9 million</span>) was primarily due to changes in the fair value of the derivative liabilities relating to the embedded conversion feature of the <span style="line-height: 1.22em;">US$20 million</span> convertible notes issued to Trustbridge Partners II, L.P. in <span style="line-height: 1.22em;">January 2009</span> and warrants issued to ADM Capital in connection with the <span style="line-height: 1.22em;">US$50 million</span> loan facility. The loss on derivative liabilities was a one-time, non-cash charge which had no impact on the Company's cash flow.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Income Tax Expense (Benefit)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Income tax expense was <span style="line-height: 1.22em;">RMB 32.9 million</span> (<span style="line-height: 1.22em;">US$4.8 million</span>) for the full year 2009, compared to an income tax benefit of <span style="line-height: 1.22em;">RMB 5.6 million</span> for the full year 2008. The income tax expense for 2009 was primarily attributable to the net operating income generated by Tianwei Yingli and <span style="line-height: 1.22em;">Yingli China</span>, netted off by the write-off of defer tax liability as a result of intangible assets impairment, while the income tax benefit in 2008 was mainly due to an increase in defer tax assets related to accrued warranty.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Net Loss (Income)</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Net loss was <span style="line-height: 1.22em;">RMB 459.2 million</span> (<span style="line-height: 1.22em;">US$67.3 million</span>) and fully diluted loss per ordinary share and per ADS was<span style="line-height: 1.22em;">RMB 3.31</span> <span style="line-height: 1.22em;">(US$0.48)</span> for the full year 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">On an adjusted non-GAAP basis, net income was <span style="line-height: 1.22em;">RMB 364.5 million</span> (<span style="line-height: 1.22em;">US$53.4 million</span>) for the full year 2009. Adjusted non-GAAP fully diluted earnings per ordinary share and per ADS was <span style="line-height: 1.22em;">RMB 2.53</span> <span style="line-height: 1.22em;">(US$0.37)</span> for the full year 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Business Outlook for Full Year 2010</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipment target to be in the estimated range of 950 MW to 1 GW for fiscal year 2010, which represents an increase of 80.8% to 90.4% compared to fiscal year 2009.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">In addition, after taking into consideration the Company's estimated blended cost of polysilicon in 2010, the expected average selling price of PV modules and forecasted exchange rates of the Euro and U.S. Dollar against the Renminbi, the Company currently expects that its gross margin target for fiscal year 2010 to be in the estimated range of 27% to 29%.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Non-GAAP Financial Measures</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">To supplement the financial measures calculated in accordance with GAAP, this press release includes certain non-GAAP financial measures of adjusted net income (loss) and adjusted diluted earnings (loss) per ordinary share and per ADS, each of which is adjusted to exclude items related to share-based compensation, the non-cash interest expense, the non-cash loss on debt extinguishment resulting from the early full repayment of ADM Capital loan, the non-cash expense due to the changes in the fair value of the derivative liabilities, and the amortization and impairment of intangible assets arising from purchase price allocation in connection with a series of acquisitions of equity interests in Tianwei Yingli. The Company believes excluding these items from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such items are not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company also believes these non-GAAP financial measures are important to help investors understand the Company's current financial performance and future prospects and compare business trends among different reporting periods on a consistent basis. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. For a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see the financial information included elsewhere in this press release.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Currency Conversion</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Solely for the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of <span style="line-height: 1.22em;">RMB 6.8259 to US$1.00</span>, the noon buying rate in <span style="line-height: 1.22em;">New York</span> for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board, as of <span style="line-height: 1.22em;">December 31, 2009</span>. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollar amounts at such rate, or at any other rate. The percentages stated in this press release are calculated based on Renminbi.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Conference Call</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy will host a conference call and live webcast to discuss the results on <span style="line-height: 1.22em;">March 8, 2010</span> at<span style="line-height: 1.22em;">8:00 AM Eastern Standard Time</span> (EST), which corresponds to the same day at <span style="line-height: 1.22em;">9:00 PM</span> Beijing/<span style="line-height: 1.22em;">Hong Kong</span>time.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    The dial-in details for the live conference call are as follows:<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    -- U.S. Toll Free Number: +1-866-356-4281<br style="line-height: 1.22em;" />    -- International dial-in number: +1-617-597-5395<br style="line-height: 1.22em;" />    -- Passcode: 50414803#<br style="line-height: 1.22em;" /></pre>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">A live and archived webcast of the conference call will be available on the Investor Relations section of Yingli Green Energy's website at <a href="http://us.lrd.yahoo.com/_ylt=AqfTfER.tFvHnTWz1lEpeHyxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> for three months.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">A replay of the conference call will be available until <span style="line-height: 1.22em;">March 22, 2010</span> by dialing:</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    -- U.S. Toll Free Number: + 1-888-286-8010<br style="line-height: 1.22em;" />    -- International dial-in number: + 1-617-801-6888<br style="line-height: 1.22em;" />    -- Passcode: 90317348#<br style="line-height: 1.22em;" /></pre>
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<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">About Yingli Green Energy</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AqdmSKsrmTctCO_VrhNWOiyxcq9_;_ylu=X3oDMTB0cnRncG9wBHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AutWnRiAJWcMXALUUmxkNQOxcq9_;_ylu=X3oDMTB1aWM3ZDA2BHBvcwMzBHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>), which holds the brand <span style="line-height: 1.22em;">Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. As of today, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW are under construction in Baoding and <span style="line-height: 1.22em;">Hainan</span>, respectively, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including <span style="line-height: 1.22em;">Germany</span>, <span style="line-height: 1.22em;">Spain</span>, <span style="line-height: 1.22em;">Italy</span>, <span style="line-height: 1.22em;">Greece</span>,<span style="line-height: 1.22em;">France</span>, <span style="line-height: 1.22em;">South Korea</span>, China and <span style="line-height: 1.22em;">the United States</span>. Headquartered in Baoding, China, Yingli Green Energy has more than 6,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AuJLZqERyTe94uc_TO9acnGxcq9_;_ylu=X3oDMTB0Mmx0dGU0BHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AtprjNsPc82DwLTNKf0.uROxcq9_;_ylu=X3oDMTB1bGo5aGpoBHBvcwM1BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>). For more information, please visit<a href="http://us.lrd.yahoo.com/_ylt=Aq8mQlxbZmifqfnMoePVM9uxcq9_;_ylu=X3oDMTE2Z3R1aTJmBHBvcwM2BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Safe Harbor Statement</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    For further information, please contact:<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In China:<br style="line-height: 1.22em;" />     Qing Miao<br style="line-height: 1.22em;" />     Director, Investor Relations<br style="line-height: 1.22em;" />     Yingli Green Energy Holding Company Limited<br style="line-height: 1.22em;" />     Tel:   +86-312-3100-502<br style="line-height: 1.22em;" />     Email: ir@yinglisolar.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />     Courtney Shike<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +86-10-6566-2256<br style="line-height: 1.22em;" />     Email: cshike@brunswickgroup.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In the United States:<br style="line-height: 1.22em;" />     Katie Cralle<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +1-212-333-3810<br style="line-height: 1.22em;" />     Email: kcralle@brunswickgroup.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />         YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES<br style="line-height: 1.22em;" />               Unaudited Condensed Consolidated Balance Sheets<br style="line-height: 1.22em;" />                                (In thousands)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />                                      As of December 31    As of December 31<br style="line-height: 1.22em;" />                                              2008               2009<br style="line-height: 1.22em;" />                                     (As adjusted)(2)(5)<br style="line-height: 1.22em;" />                                               RMB          RMB         US$<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    ASSETS<br style="line-height: 1.22em;" />     Current assets:<br style="line-height: 1.22em;" />      Cash and restricted cash               1,218,148   3,463,278    507,373<br style="line-height: 1.22em;" />      Accounts receivable, net               1,464,973   1,958,613    286,940<br style="line-height: 1.22em;" />      Inventories                            2,040,731   1,665,021    243,927<br style="line-height: 1.22em;" />      Prepayments to suppliers                 774,014     360,846     52,864<br style="line-height: 1.22em;" />      Prepaid expenses and other current<br style="line-height: 1.22em;" />       assets                                  563,267     606,481     88,850<br style="line-height: 1.22em;" />      Total current assets                   6,061,133   8,054,239  1,179,954<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />     Prepayments to supplier                   674,164     678,311     99,373<br style="line-height: 1.22em;" />     Property, plant and equipment, net      3,385,682   6,573,851    963,075<br style="line-height: 1.22em;" />     Land use rights                            63,022     354,560     51,943<br style="line-height: 1.22em;" />     Goodwill and intangible assets, net       666,429     481,492     70,539<br style="line-height: 1.22em;" />     Investment in and advances to<br style="line-height: 1.22em;" />      affiliates, including an acquisition<br style="line-height: 1.22em;" />      deposit                                  192,537      20,674      3,028<br style="line-height: 1.22em;" />     Long-term restricted cash                      --     167,774     24,579<br style="line-height: 1.22em;" />     Other assets                               24,829      23,968      3,511<br style="line-height: 1.22em;" />     Total assets                           11,067,796  16,354,869  2,396,002<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    LIABILITIES AND SHAREHOLDERS' EQUITY<br style="line-height: 1.22em;" />     Current liabilities:<br style="line-height: 1.22em;" />      Short-term bank borrowings, including<br style="line-height: 1.22em;" />       current portion of long-term bank<br style="line-height: 1.22em;" />       borrowings                            2,044,200   3,501,027    512,903<br style="line-height: 1.22em;" />      Convertible senior notes                      --   1,291,843    189,256<br style="line-height: 1.22em;" />      Accounts payable                         628,903   1,852,216    271,351<br style="line-height: 1.22em;" />      Other current liabilities and accrued<br style="line-height: 1.22em;" />       expenses                                 84,563     232,610     34,078<br style="line-height: 1.22em;" />      Advances from customers                   51,933      30,554      4,476<br style="line-height: 1.22em;" />      Dividend payable                          10,956      10,956      1,605<br style="line-height: 1.22em;" />      Other amounts due to related parties       8,864      20,182      2,957<br style="line-height: 1.22em;" />     Total current liabilities               2,829,419   6,939,388  1,016,626<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Convertible senior notes                 1,214,814            -          -<br style="line-height: 1.22em;" />    Senior secured convertible notes                  -    100,139     14,670<br style="line-height: 1.22em;" />    Long-term bank borrowings, excluding<br style="line-height: 1.22em;" />     current portion                           662,956     752,809    110,287<br style="line-height: 1.22em;" />    Accrued warranty cost, excluding<br style="line-height: 1.22em;" />     current portion                           114,691     174,444     25,556<br style="line-height: 1.22em;" />    Other liabilities                           73,646     104,466     15,305<br style="line-height: 1.22em;" />    Total liabilities                        4,895,526   8,071,246  1,182,444<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Shareholders' equity:<br style="line-height: 1.22em;" />     Ordinary shares                             9,922      11,363      1,665<br style="line-height: 1.22em;" />     Additional paid-in capital              3,724,358   6,169,475    903,833<br style="line-height: 1.22em;" />     Accumulated other comprehensive income     31,206      12,784      1,873<br style="line-height: 1.22em;" />     Retained earnings                       1,011,633     552,392     80,926<br style="line-height: 1.22em;" />     Total Yingli Green Energy shareholders'<br style="line-height: 1.22em;" />      equity                                 4,777,119   6,746,014    988,297<br style="line-height: 1.22em;" />     Noncontrolling interests                1,395,151   1,537,609    225,261<br style="line-height: 1.22em;" />     Total shareholders' equity              6,172,270   8,283,623  1,213,558<br style="line-height: 1.22em;" />     Total liabilities and shareholders'<br style="line-height: 1.22em;" />      equity                                11,067,796  16,354,869  2,396,002<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />         YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES<br style="line-height: 1.22em;" />          Unaudited Condensed Consolidated Statements of Operations<br style="line-height: 1.22em;" />      (In thousands, except for share, ADS, per share and per ADS data)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />                                     Three months ended<br style="line-height: 1.22em;" />                            31-Dec-08     30-Sep-09          31-Dec-09<br style="line-height: 1.22em;" />                          (As adjusted)<br style="line-height: 1.22em;" />                            (1)(2)(5)<br style="line-height: 1.22em;" />                               RMB           RMB          RMB          US$<br style="line-height: 1.22em;" />    Net revenues:<br style="line-height: 1.22em;" />     Sales of PV<br style="line-height: 1.22em;" />      modules                 1,716,180    2,210,404    2,489,313      364,686<br style="line-height: 1.22em;" />     Sales of PV systems         19,940        1,303       16,077        2,355<br style="line-height: 1.22em;" />     Other revenues              25,079       13,499       25,471        3,732<br style="line-height: 1.22em;" />     Total net revenues       1,761,199    2,225,206    2,530,861      370,773<br style="line-height: 1.22em;" />    Cost of  revenues(1):<br style="line-height: 1.22em;" />     Cost of PV modules<br style="line-height: 1.22em;" />      sales                  (1,475,604)  (1,712,539)  (1,745,031)    (255,648)<br style="line-height: 1.22em;" />     Cost of PV systems<br style="line-height: 1.22em;" />      sales                     (14,145)        (946)     (12,263)      (1,796)<br style="line-height: 1.22em;" />     Cost of other revenues     (10,853)     (11,390)     (23,191)      (3,398)<br style="line-height: 1.22em;" />     Total cost of revenues  (1,500,602)  (1,724,875)  (1,780,485)    (260,842)<br style="line-height: 1.22em;" />    Gross profit                260,597      500,331      750,376      109,931<br style="line-height: 1.22em;" />    Selling expenses(1)         (63,177)    (100,742)    (138,903)     (20,350)<br style="line-height: 1.22em;" />    General and<br style="line-height: 1.22em;" />     administrative<br style="line-height: 1.22em;" />     expenses                   (76,381)    (101,903)    (311,650)     (45,657)<br style="line-height: 1.22em;" />    Research and development<br style="line-height: 1.22em;" />     expenses                   (23,243)     (54,880)     (57,567)      (8,434)<br style="line-height: 1.22em;" />    Impairment of intangible<br style="line-height: 1.22em;" />     assets                          --           --     (131,177)     (19,217)<br style="line-height: 1.22em;" />    Total operating<br style="line-height: 1.22em;" />     expenses                  (162,801)    (257,525)    (639,297)     (93,658)<br style="line-height: 1.22em;" />    Income from operations       97,796      242,806      111,079       16,273<br style="line-height: 1.22em;" />    Other income (expense):<br style="line-height: 1.22em;" />     Interest expense           (51,658)    (100,565)     (80,843)     (11,844)<br style="line-height: 1.22em;" />     Interest income              3,747        1,303        2,836          415<br style="line-height: 1.22em;" />     Foreign currency<br style="line-height: 1.22em;" />      exchange gain (loss)       68,664       71,788      (48,474)      (7,100)<br style="line-height: 1.22em;" />     Other income (expense)         414        3,113       (3,321)        (487)<br style="line-height: 1.22em;" />    Earnings before<br style="line-height: 1.22em;" />     income taxes               118,963      218,445      (18,723)      (2,743)<br style="line-height: 1.22em;" />    Income tax<br style="line-height: 1.22em;" />     benefit (expense)            3,051      (31,031)       1,123          165<br style="line-height: 1.22em;" />    Net income                  122,014      187,414      (17,600)      (2,578)<br style="line-height: 1.22em;" />    Less:<br style="line-height: 1.22em;" />     Earnings attributable<br style="line-height: 1.22em;" />      to the noncontrolling<br style="line-height: 1.22em;" />      interests                 (39,976)     (66,568)     (27,241)      (3,991)<br style="line-height: 1.22em;" />    Net income<br style="line-height: 1.22em;" />     (loss)attributable<br style="line-height: 1.22em;" />     to Yingli Green Energy      82,038      120,846      (44,841)      (6,569)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Weighted average<br style="line-height: 1.22em;" />     shares and ADSs<br style="line-height: 1.22em;" />     outstanding<br style="line-height: 1.22em;" />     Basic                  127,447,821  148,379,700  148,416,746  148,416,746<br style="line-height: 1.22em;" />     Diluted                128,119,081  153,660,518  148,416,746  148,416,746<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Earnings (loss) per<br style="line-height: 1.22em;" />     share and per ADS<br style="line-height: 1.22em;" />     Basic                         0.64         0.81         (0.3)       (0.04)<br style="line-height: 1.22em;" />     Diluted                       0.64         0.79         (0.3)       (0.04)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />             Reconciliation of Non-GAAP measures to GAAP measures<br style="line-height: 1.22em;" />                            31-Dec-08     30-Sep-09          31-Dec-09<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />                               RMB           RMB          RMB          US$<br style="line-height: 1.22em;" />    Non-GAAP income<br style="line-height: 1.22em;" />     attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy        111,385      184,241      137,539       20,150<br style="line-height: 1.22em;" />    Share-based compensation<br style="line-height: 1.22em;" />     attributable to Yingli<br style="line-height: 1.22em;" />     Green Energy               (12,880)     (15,990)     (16,242)      (2,380)<br style="line-height: 1.22em;" />    Amortization of intangible<br style="line-height: 1.22em;" />     assets attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy        (13,286)     (15,058)     (12,846)      (1,882)<br style="line-height: 1.22em;" />    Impairment of intangible<br style="line-height: 1.22em;" />     assets attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy             --           --     (131,177)     (19,217)<br style="line-height: 1.22em;" />    No-cash interest expenses<br style="line-height: 1.22em;" />     attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy         (3,181)     (32,347)     (22,115)      (3,240)<br style="line-height: 1.22em;" />    Net income (loss)<br style="line-height: 1.22em;" />     attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy         82,038      120,846      (44,841)      (6,569)<br style="line-height: 1.22em;" />    Non-GAAP diluted earnings<br style="line-height: 1.22em;" />     per share and per ADS         0.86          1.2         0.89         0.13<br style="line-height: 1.22em;" />    Diluted earnings (loss)<br style="line-height: 1.22em;" />     per share and per ADS         0.64         0.79         (0.3)       (0.04)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />         YINGLI GREEN ENERGY HOLDING COMPANY LIMITED AND SUBSIDIARIES<br style="line-height: 1.22em;" />          Unaudited Condensed Consolidated Statements of Operations<br style="line-height: 1.22em;" />      (In thousands, except for share, ADS, per share and per ADS data)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />                                                     Year ended<br style="line-height: 1.22em;" />                                           31-Dec-08          31-Dec-09<br style="line-height: 1.22em;" />                                         (As adjusted)<br style="line-height: 1.22em;" />                                              RMB          RMB          US$<br style="line-height: 1.22em;" />    Net revenues:<br style="line-height: 1.22em;" />     Sales of PV modules                   7,445,790    7,158,441    1,048,717<br style="line-height: 1.22em;" />     Sales of PV systems                      27,584       50,197        7,354<br style="line-height: 1.22em;" />     Other revenues                           79,641       46,231        6,773<br style="line-height: 1.22em;" />     Total net revenues                    7,553,015    7,254,869    1,062,844<br style="line-height: 1.22em;" />    Cost of revenues(4):<br style="line-height: 1.22em;" />     Cost of PV modules sales             (5,713,605)  (5,458,284)    (799,643)<br style="line-height: 1.22em;" />     Cost of PV systems sales                (19,241)     (39,851)      (5,838)<br style="line-height: 1.22em;" />     Cost of other revenues                  (52,953)     (42,361)      (6,206)<br style="line-height: 1.22em;" />     Total cost of revenues               (5,785,799)  (5,540,496)    (811,687)<br style="line-height: 1.22em;" />    Gross profit                           1,767,216    1,714,373      251,157<br style="line-height: 1.22em;" />    Selling expenses(4)                     (294,895)    (347,545)     (50,916)<br style="line-height: 1.22em;" />    General and administrative expenses     (261,772)    (570,256)     (83,543)<br style="line-height: 1.22em;" />    Research and development expenses        (57,249)    (184,332)     (27,005)<br style="line-height: 1.22em;" />    Impairment of intangible assets               --     (131,177)     (19,217)<br style="line-height: 1.22em;" />    Total operating expenses                (613,916)  (1,233,310)    (180,681)<br style="line-height: 1.22em;" />    Income from operations                 1,153,300      481,063       70,476<br style="line-height: 1.22em;" />    Other income (expense):<br style="line-height: 1.22em;" />     Interest expense                       (162,132)    (376,336)     (55,133)<br style="line-height: 1.22em;" />     Interest income                          12,741        6,321          926<br style="line-height: 1.22em;" />     Foreign currency exchange gain<br style="line-height: 1.22em;" />      (loss)                                 (66,286)      38,389        5,624<br style="line-height: 1.22em;" />     Loss on debt extinguishment                  --     (231,345)     (33,892)<br style="line-height: 1.22em;" />     Loss on derivative liabilities               --     (244,744)     (35,855)<br style="line-height: 1.22em;" />     Other income (expense)                    3,916        4,604          673<br style="line-height: 1.22em;" />    Earnings (loss) before income taxes      941,539     (322,048)     (47,181)<br style="line-height: 1.22em;" />    Income tax benefit (expense)               5,587      (32,918)      (4,822)<br style="line-height: 1.22em;" />    Net income (loss)                        947,126     (354,966)     (52,003)<br style="line-height: 1.22em;" />    Less: Earnings attributable to the<br style="line-height: 1.22em;" />     noncontrolling interests               (293,300)    (104,274)     (15,276)<br style="line-height: 1.22em;" />    Net income (loss) attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy                     653,826     (459,240)     (67,279)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Weighted average shares and ADSs<br style="line-height: 1.22em;" />     outstanding<br style="line-height: 1.22em;" />     Basic                               127,419,040  138,759,177  138,759,177<br style="line-height: 1.22em;" />     Diluted                             129,494,385  138,759,177  138,759,177<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    Earnings (loss) per share and per<br style="line-height: 1.22em;" />     ADS<br style="line-height: 1.22em;" />     Basic                                      5.13        (3.31)       (0.48)<br style="line-height: 1.22em;" />     Diluted                                    5.05        (3.31)       (0.48)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />             Reconciliation of Non-GAAP measures to GAAP measures<br style="line-height: 1.22em;" />                                                      Year ended<br style="line-height: 1.22em;" />                                            31-Dec-08          31-Dec-09<br style="line-height: 1.22em;" />                                               RMB          RMB         US$<br style="line-height: 1.22em;" />    Non-GAAP income attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy                     764,835      364,458      53,393<br style="line-height: 1.22em;" />    Share-based compensation attributable<br style="line-height: 1.22em;" />     to Yingli Green Energy                  (43,971)     (62,306)     (9,128)<br style="line-height: 1.22em;" />    Amortization of intangible assets<br style="line-height: 1.22em;" />     attributable to Yingli Green Energy     (56,688)     (56,066)     (8,214)<br style="line-height: 1.22em;" />    Loss on derivative liabilities<br style="line-height: 1.22em;" />     attributable to Yingli Green Energy          --     (231,345)    (33,892)<br style="line-height: 1.22em;" />    Loss on debt extinguishment<br style="line-height: 1.22em;" />     attributable to Yingli Green Energy          --     (244,744)    (35,855)<br style="line-height: 1.22em;" />    Impairment of intangible assets<br style="line-height: 1.22em;" />     attributable to Yingli Green Energy          --     (131,177)    (19,217)<br style="line-height: 1.22em;" />    Non-cash interest expenses<br style="line-height: 1.22em;" />     attributable to Yingli Green Energy     (10,350)     (98,060)    (14,366)<br style="line-height: 1.22em;" />    Net income (loss) attributable to<br style="line-height: 1.22em;" />     Yingli Green Energy                     653,826     (459,240)    (67,279)<br style="line-height: 1.22em;" />    Non-GAAP diluted earnings per share<br style="line-height: 1.22em;" />     and per ADS                                5.91         2.53        0.37<br style="line-height: 1.22em;" />    Diluted earnings (loss) per share and<br style="line-height: 1.22em;" />     per ADS                                    5.05        (3.31)      (0.48)<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    (1) Our previously reported unaudited fourth quarter 2008 and third<br style="line-height: 1.22em;" />        quarter 2009 financial results have been revised to reflect a<br style="line-height: 1.22em;" />        reclassification of warranty and shipping cost of RMB 27.7 million in<br style="line-height: 1.22em;" />        the fourth quarter 2008 and RMB 52.8 million in the third quarter 2009<br style="line-height: 1.22em;" />        from cost of revenues to selling expenses in order to better reflect<br style="line-height: 1.22em;" />        the selling related nature of these expenses and to increase the<br style="line-height: 1.22em;" />        comparability of information with our major competitors.<br style="line-height: 1.22em;" />    (2) Upon adoption of Accounting Standard Codification ("ASC") 810,<br style="line-height: 1.22em;" />        formerly referred to as FASB Statement 160, Noncontrolling Interests<br style="line-height: 1.22em;" />        in Consolidated Financial Statements, an amendment of ARB No. 51,<br style="line-height: 1.22em;" />        effective January 1, 2009, net income (loss) has been adjusted to<br style="line-height: 1.22em;" />        include net income (loss) attributable to non-controlling interests<br style="line-height: 1.22em;" />        and Yingli Green Energy. For convenience purposes, all references to<br style="line-height: 1.22em;" />        "net income (loss)" in this press release, unless otherwise specified,<br style="line-height: 1.22em;" />        represent "net income (loss) attributable to Yingli Green Energy" for<br style="line-height: 1.22em;" />        all periods presented.<br style="line-height: 1.22em;" />    (3) All non-GAAP measures exclude share-based compensation, the non-cash<br style="line-height: 1.22em;" />        interest expenses, the non-cash loss on debt extinguishment resulting<br style="line-height: 1.22em;" />        from the early full repayment of the ADM Capital loan, the non-cash<br style="line-height: 1.22em;" />        expense due to the changes in the fair value of the derivative<br style="line-height: 1.22em;" />        liabilities, and the amortization and impairment of intangible assets<br style="line-height: 1.22em;" />        arising from purchase price allocation in connection with a series of<br style="line-height: 1.22em;" />        acquisitions of equity interests in Baoding Tianwei Yingli New Energy<br style="line-height: 1.22em;" />        Resources Co., Ltd. ("Tianwei Yingli"), an operating subsidiary of the<br style="line-height: 1.22em;" />        Company. For further details on non-GAAP measures, please refer to the<br style="line-height: 1.22em;" />        reconciliation table and a detailed discussion of the Company's use of<br style="line-height: 1.22em;" />        non-GAAP information set forth elsewhere in this press release.<br style="line-height: 1.22em;" />    (4) Our previously reported full year 2008 financial results have been<br style="line-height: 1.22em;" />        revised to reflect a reclassification of warranty and shipping cost of<br style="line-height: 1.22em;" />        RMB 137.6 million from cost of revenues to selling expenses in order<br style="line-height: 1.22em;" />        to better reflect the selling related nature of these expenses and to<br style="line-height: 1.22em;" />        increase the comparability of information with our major competitors.<br style="line-height: 1.22em;" />    (5) The Company's previously reported unaudited fourth quarter 2008<br style="line-height: 1.22em;" />        financial results have been revised to reflect an increase in interest<br style="line-height: 1.22em;" />        expense from RMB 48.5 million to RMB 51.7 million in the fourth<br style="line-height: 1.22em;" />        quarter of 2008 due to the adoption and retroactive application of ASC<br style="line-height: 1.22em;" />        470-20, formerly referred to as Financial Accounting Standards Board<br style="line-height: 1.22em;" />        Staff Position Accounting Principles Board 14-1, "Accounting for<br style="line-height: 1.22em;" />        Convertible Debt Instruments That May Be Settled in Cash upon<br style="line-height: 1.22em;" />        Conversion (Including Partial Cash Settlement)."<br style="line-height: 1.22em;" />    (6) The Company's previously reported unaudited fourth quarter 2008<br style="line-height: 1.22em;" />        financial results have been revised to reflect a decrease in net<br style="line-height: 1.22em;" />        income from RMB 85.2 million to RMB 82.0 million in the fourth quarter<br style="line-height: 1.22em;" />        of 2008 due to the adoption and retroactive application of ASC 470-20,<br style="line-height: 1.22em;" />        "Accounting for Convertible Debt Instruments That May Be Settled in<br style="line-height: 1.22em;" />        Cash upon Conversion (Including Partial Cash Settlement)."</pre>
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      <title>[Press Release] Yingli Green Energy Announces 300 MW PANDA Mono-Crystalline Manufacturing Capaci</title>
      <guid>message_4929</guid>
      <pubDate>08 Mar 2010 12:44:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4929</link>
      <description>
        <![CDATA[<p><span style="font-family: arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 15px;">
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">BAODING, China, <span style="line-height: 1.22em;">March 8</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AiqL3L9564y.D.dl7ZH3.eOxcq9_;_ylu=X3oDMTB0bDV0YnRwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AjB1WsiOWrkAQvJWdJp0HROxcq9_;_ylu=X3oDMTB1Y2RwaWtlBHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDbmV3cw--?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "<span style="line-height: 1.22em;">Yingli Solar</span>," today announced a 300 MW PANDA mono-crystalline silicon-based manufacturing capacity expansion project at its Baoding headquarters. The Company also announced a project loan of<span style="line-height: 1.22em;">RMB 1.5 billion</span> for the financing of this expansion project and a working capital credit facility of <span style="line-height: 1.22em;">RMB 250 million</span>, both granted by the Bank of Communications Co., Ltd., <span style="line-height: 1.22em;">Hebei</span> Branch ("BOCOM").</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">300 MW PANDA Mono-Crystalline Manufacturing Capacity Expansion at Baoding Headquarters</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy announced its plan to build PANDA mono-crystalline silicon-based manufacturing lines with annual production capacity of 300 MW in each of mono-crystalline ingots and wafers, cells and modules at its Baoding headquarters, through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd. ("Yingli China"). The new production lines will be designed to produce next-generation high efficiency PV cells based on the technology developed through Project PANDA, a collaboration among Yingli Green Energy, the Energy Research Centre of <span style="line-height: 1.22em;">the Netherlands</span>, a leading solar research center in <span style="line-height: 1.22em;">Europe</span>, and Amtech Systems, Inc. (NASDAQ:<a href="http://finance.yahoo.com/q;_ylt=Ar_4_085kTtd5FfQJEZf9kyxcq9_;_ylu=X3oDMTB1a3FzMHJyBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDYXN5cw--?s=asys" target="_blank">ASYS</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AqdC0KuGvvo7hBV6QD4DqD2xcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=asys" target="_blank">News</a>), a global supplier of production and automation systems and related supplies for the manufacture of PV cells.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"><span style="line-height: 1.22em;">RMB 1.5 Billion</span> Project Loan and <span style="line-height: 1.22em;">RMB 250 Million</span> Working Capital Credit Facility Granted by BOCOM</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy also announced <span style="line-height: 1.22em;">Yingli China</span> has secured a project loan of <span style="line-height: 1.22em;">RMB 1.5 billion</span> and a working capital credit facility of <span style="line-height: 1.22em;">RMB 250 million</span> from BOCOM. Under the loan agreement, BOCOM has agreed to provide to <span style="line-height: 1.22em;">Yingli China</span>, subject to certain conditions, a five-year project loan of <span style="line-height: 1.22em;">RMB 1.5 billion</span> to support <span style="line-height: 1.22em;">Yingli China's</span> 300 MW expansion project in Baoding. In addition, BOCOM also granted a working capital credit facility of <span style="line-height: 1.22em;">RMB 250 million</span> to <span style="line-height: 1.22em;">Yingli China</span>.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"Shared anticipation of global PV industry growth, the robust flow of orders and inquiries that we have already received in 2010 and our global growth strategy are the main motivations for this strategic capacity expansion plan," said Mr. <span style="line-height: 1.22em;">Liansheng Miao</span>, Chairman and CEO of Yingli Green Energy. "We believe this expansion will allow us to meet the increasing demand for our bankable, cost-effective products and further drive down costs through increased cell conversion efficiency and the larger scale of manufacturing. On the Project PANDA pilot line, we have already successfully produced next-generation cells with an average efficiency rate of 18% or higher. Looking ahead, we expect to increase the average efficiency rate to at least 18.5% on the commercial production lines by the end of this year. Combined with the existing 600 MW production capacity in Baoding and the 100 MW capacity under construction in <span style="line-height: 1.22em;">Hainan Province</span>, this new expansion project is expected to bring our total production capacity to 1 GW by the end of 2010. With this expansion in place, we will be better positioned than ever to solidify our leadership in the global PV market."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">About Yingli Green Energy</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=ApoYKL0mTIkdTSaeDhBL0Y6xcq9_;_ylu=X3oDMTB0NzVkZ2RjBHBvcwMzBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AkLeOycYJMRupFpmw2ESiuaxcq9_;_ylu=X3oDMTB1N2FvM2w0BHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>), which holds the brand <span style="line-height: 1.22em;">Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. As of today, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW are under construction in Baoding and <span style="line-height: 1.22em;">Hainan</span>, respectively, and are expected to bring Yingli Green Energy's total production capacity to 1 GW by the end of 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including <span style="line-height: 1.22em;">Germany</span>, <span style="line-height: 1.22em;">Spain</span>, <span style="line-height: 1.22em;">Italy</span>,<span style="line-height: 1.22em;">Greece</span>, <span style="line-height: 1.22em;">France</span>, <span style="line-height: 1.22em;">South Korea</span>, China and <span style="line-height: 1.22em;">the United States</span>. Headquartered in Baoding, China, Yingli Green Energy has more than 6,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AgAeIrIlPtdbd7FnsOAwM2.xcq9_;_ylu=X3oDMTB0djZxODVtBHBvcwM1BHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=ArzFg53cFSuynCRvQoos6nSxcq9_;_ylu=X3oDMTB1ZWs2MTYzBHBvcwM2BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>). For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AiS_oNkEHPRwMEMCy.b6X8Cxcq9_;_ylu=X3oDMTE2bTRjdDFrBHBvcwM3BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Safe Harbor Statement</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "is/are likely to" and similar statements, in particular, those relating to the anticipated shipments for the second quarter of 2009 and the expected gross margin target for the same quarter. Such statements are based upon management's current expectations and projections about future events and financial trends, as well as current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    For further information, please contact:<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In China:<br style="line-height: 1.22em;" />     Qing Miao<br style="line-height: 1.22em;" />     Director, Investor Relations<br style="line-height: 1.22em;" />     Yingli Green Energy Holding Company Limited<br style="line-height: 1.22em;" />     Tel:   +86-312-3100-502<br style="line-height: 1.22em;" />     Email: ir@yinglisolar.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />     Courtney Shike<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +86-10-6566-2256<br style="line-height: 1.22em;" />     Email: cshike@brunswickgroup.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In the United States:<br style="line-height: 1.22em;" />     Katie Cralle<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +1-212-333-3810<br style="line-height: 1.22em;" />     Email: kcralle@brunswickgroup.com</pre>
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      <title>[Press Release] Delegation of Senior Government Officials Visits Yingli Green Energy Headquarter</title>
      <guid>message_4933</guid>
      <pubDate>08 Mar 2010 02:40:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4933</link>
      <description>
        <![CDATA[<p><span style="font-family: arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 15px;">
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">BAODING, <span style="line-height: 1.22em;">China</span>, <span style="line-height: 1.22em;">March 7</span> /PRNewswire-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AiqL3L9564y.D.dl7ZH3.eOxcq9_;_ylu=X3oDMTB0bDV0YnRwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AjB1WsiOWrkAQvJWdJp0HROxcq9_;_ylu=X3oDMTB1Y2RwaWtlBHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDbmV3cw--?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "<span style="line-height: 1.22em;">Yingli Solar</span>," today announced a senior government delegation including <span style="line-height: 1.22em;">Jiang Zemin</span>, former President of <span style="line-height: 1.22em;">China</span>, Zeng Peiyan, former Vice Premier of <span style="line-height: 1.22em;">China</span>, and Zhang Guobao, Director of the National Energy Administration of <span style="line-height: 1.22em;">China</span>, visited Yingli Green Energy's headquarters in Baoding on <span style="line-height: 1.22em;">March 5</span> and 6, 2010.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">During the two-day tour, the delegation visited Yingli Green Energy's vertically-integrated manufacturing facilities, including the Company's state-of-the-art polysilicon manufacturing plant, Fine Silicon. The delegation was briefed by the Company's management on the Company's business strategies, market position as well as prospects of the PV industry, especially in <span style="line-height: 1.22em;">China</span>. The delegation showed great interest throughout the tour, and congratulated the Company on its leading position in the industry and its contributions to society.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"It is a great honor and privilege to host Mr. Jiang and the delegation at our headquarters," said Mr. <span style="line-height: 1.22em;">Liansheng Miao</span>, Chairman and CEO of Yingli Green Energy. "This high level visit once again reflects Yingli Green Energy's influence in the PV industry, and is also a positive sign showing valuable attention and support to renewable energy companies. We are inspired by the guests' interest in our industry as well as their compliments on our achievements. We look forward to leveraging our leading position in the industry to further contribute to a cleaner, greener world."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Mr. Miao also noted news reports that the agendas for this year's plenary sessions of the National People's Congress and the People's Political Consultative Conference in <span style="line-height: 1.22em;">Beijing</span> include topics such as enhancing environmental protection and developing a low carbon economy, which is a positive sign for the continued growth of the domestic PV market and <span style="line-height: 1.22em;">China</span>-based solar companies.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"><strong style="line-height: 1.22em;">About Yingli Green Energy</strong></p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=Aq3F74VpsWJXfkAQ20XuHnSxcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AqdC0KuGvvo7hBV6QD4DqD2xcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>), which holds the brand <span style="line-height: 1.22em;">Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy develops, manufactures and sells photovoltaic modules to a wide range of markets, including <span style="line-height: 1.22em;">Germany</span>, <span style="line-height: 1.22em;">Spain</span>, <span style="line-height: 1.22em;">Italy</span>, <span style="line-height: 1.22em;">Greece</span>, <span style="line-height: 1.22em;">France</span>, <span style="line-height: 1.22em;">South Korea</span>, <span style="line-height: 1.22em;">China</span>, and <span style="line-height: 1.22em;">the United States</span>. Headquartered in Baoding, <span style="line-height: 1.22em;">China</span>, Yingli Green Energy has more than 6000 employees and more than 10 branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q;_ylt=ApoYKL0mTIkdTSaeDhBL0Y6xcq9_;_ylu=X3oDMTB0NzVkZ2RjBHBvcwMzBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AkLeOycYJMRupFpmw2ESiuaxcq9_;_ylu=X3oDMTB1N2FvM2w0BHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>). For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AjA7Ak_CmMsSk2U9Yn7PZ9axcq9_;_ylu=X3oDMTE2MjJqb25iBHBvcwM1BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a></p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"><strong style="line-height: 1.22em;">Safe Harbor Statement</strong></p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "is/are likely to" and similar statements, in particular, those relating to the anticipated shipments for the second quarter of 2009 and the expected gross margin target for the same quarter. Such statements are based upon management's current expectations and projections about future events and financial trends, as well as current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
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      <title>[Press Release] Yingli to Supply More Than 10 MW of PV Modules to SunDurance Energy</title>
      <guid>message_4828</guid>
      <pubDate>02 Mar 2010 12:55:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4828</link>
      <description>
        <![CDATA[<p><span style="font-family: arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 15px;">
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">BAODING, <span style="line-height: 1.22em;">China</span>, <span style="line-height: 1.22em;">March 2</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=AiqL3L9564y.D.dl7ZH3.eOxcq9_;_ylu=X3oDMTB0bDV0YnRwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AjB1WsiOWrkAQvJWdJp0HROxcq9_;_ylu=X3oDMTB1Y2RwaWtlBHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDbmV3cw--?s=yge" target="_blank">News</a>) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers which holds the brand <span style="line-height: 1.22em;">Yingli Solar</span>, today announced it has signed a sales agreement with SunDurance Energy, LLC ("SunDurance Energy"), a leading PV company based in <span style="line-height: 1.22em;">New Jersey</span> that develops, designs, builds and operates megawatt-scale solar power solutions. Under the terms of the agreement, Yingli Green Energy will supply more than 10 MW of PV modules to SunDurance Energy through the third quarter of 2010.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"This agreement is expected to extend the successful cooperation with SunDurance Energy that we have enjoyed over the last two years, and signals our continued commitment to the expansion into <span style="line-height: 1.22em;">the United States</span> solar market," said Mr. <span style="line-height: 1.22em;">Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy. "Thanks to our strong track record, which we have built on our high-quality products, excellent after-sales service and continuous brand promotion efforts, our 'Yingli Solar' brand modules are recognized as bankable, reliable products by customers, investors and commercial banks across the world."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">"Our growth strategy in the U.S. is focused heavily on the commercial and utility-scale markets, where we are pleased to have several projects already underway with SunDurance Energy and other large-scale developers. As today's announcement signifies, we're dedicated to not only building our customers' loyalty and trust through our reliable products, but also through our ongoing superior customer support," added <span style="line-height: 1.22em;">Robert Petrina</span>, Managing Director of Yingli Green Energy Americas, Inc.</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"><span style="line-height: 1.22em;">Al Bucknam</span>, CEO of SunDurance Energy, commented, "We have had many good experiences during our years of partnership with Yingli Green Energy, whose high quality products have helped us consistently deliver great solutions to our customers. This agreement is the largest PV module purchase agreement in our history, and demonstrates our confidence both in Yingli Green Energy and in the market outlook for 2010. We purposefully set this agreement on a fast- track timeframe given our positive outlook for the coming year and the additional value we believe will be generated with the help of Yingli Green Energy's reputable, reliable products."</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">About Yingli Green Energy</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">Yingli Green Energy Holding Company Limited (NYSE:<a href="http://finance.yahoo.com/q;_ylt=Aq3F74VpsWJXfkAQ20XuHnSxcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AqdC0KuGvvo7hBV6QD4DqD2xcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>), which holds the brand <span style="line-height: 1.22em;">Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy develops, manufactures and sells photovoltaic modules to a wide range of markets, including <span style="line-height: 1.22em;">Germany</span>, <span style="line-height: 1.22em;">Spain</span>, <span style="line-height: 1.22em;">Italy</span>, <span style="line-height: 1.22em;">Greece</span>, <span style="line-height: 1.22em;">France</span>, <span style="line-height: 1.22em;">South Korea</span>, <span style="line-height: 1.22em;">China</span>, and <span style="line-height: 1.22em;">the United States</span>. Headquartered in Baoding, <span style="line-height: 1.22em;">China</span>, Yingli Green Energy has more than 6000 employees and more than 10 branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE:<a href="http://finance.yahoo.com/q;_ylt=ApoYKL0mTIkdTSaeDhBL0Y6xcq9_;_ylu=X3oDMTB0NzVkZ2RjBHBvcwMzBHNlYwNuZXdzYXJ0Ym9keQRzbGsDeWdl?s=yge" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AkLeOycYJMRupFpmw2ESiuaxcq9_;_ylu=X3oDMTB1N2FvM2w0BHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>). For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AjA7Ak_CmMsSk2U9Yn7PZ9axcq9_;_ylu=X3oDMTE2MjJqb25iBHBvcwM1BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">About SunDurance Energy</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;">SunDurance Energy, LLC develops designs, builds and operates megawatt- scale solar power solutions for forward-thinking corporations, utilities and government entities. SunDurance Energy offers full in-house design and project execution capability, deep experience, high bonding capacity, and rigorous value engineering processes. SunDurance Energy is an affiliate of The Conti Group, a century-old, nationwide leader in civil and industrial infrastructure, conventional and renewable power, homeland security and environmental remediation. For more information, please visit the website at <a href="http://us.lrd.yahoo.com/_ylt=Avnw_kP_GSgHwCOu3T8xNvOxcq9_;_ylu=X3oDMTE2Y28zZTBqBHBvcwM2BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3N1bmR1/SIG=115u760l7/**http%3A//www.SunDuranceEnergy.com/" target="_blank"><a href="http://www.SunDuranceEnergy.com" target="_blank">http://www.SunDuranceEne...</a></a> .</p>
<p style="line-height: 1.4em; font-size: 1em; color: #181818; padding: 0px;"> </p>
<pre style="font-family: monospace; line-height: 1.22em; font-size: 12px; clear: left; padding: 0px;"><br style="line-height: 1.22em;" />    For further information, please contact:<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In China:<br style="line-height: 1.22em;" />     Qing Miao<br style="line-height: 1.22em;" />     Director, Investor Relations<br style="line-height: 1.22em;" />     Yingli Green Energy Holding Company Limited<br style="line-height: 1.22em;" />     Tel:   +86-312-3100-502<br style="line-height: 1.22em;" />     Email: ir@yinglisolar.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />     Courtney Shike<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +86-10-6566-2256<br style="line-height: 1.22em;" />     Email: yingli@brunswickgroup.com<br style="line-height: 1.22em;" /><br style="line-height: 1.22em;" />    In the United States:<br style="line-height: 1.22em;" />     Katie Cralle<br style="line-height: 1.22em;" />     Brunswick Group LLC<br style="line-height: 1.22em;" />     Tel:   +1-212-333-3810<br style="line-height: 1.22em;" />     Email: kcralle@brunswickgroup.com</pre>
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      <title>[Press Release] Yingli Green Energy Announces Global Sponsorship</title>
      <guid>message_4618</guid>
      <pubDate>03 Feb 2010 08:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4618</link>
      <description>
        <![CDATA[<p><span>BEIJING</span>, and <span>ZURICH, Switzerland</span>, <span>Feb. 3</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), who holds the brand <span>Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers. In a statement released jointly with world football's governing body FIFA, the Company today announced that it had become the first renewable energy company to sponsor the FIFA World Cup(TM). This year's tournament will be held in <span>South Africa</span> from <span>June 11 to July 11, 2010</span>. Yingli Green Energy is also the first Chinese company to seal a global sponsorship deal with FIFA.</p>

<p>By joining the list of prestigious FIFA World Cup(TM) sponsors, Yingli Green Energy is answering FIFA's call to make the world's most popular sport not only a celebration of the game but also a sign of respect for the planet that we inhabit.</p>
<p>The announcement was made at the Yingli 2010 FIFA World Cup(TM) sponsorship-signing ceremony and press conference hosted in <span>Beijing</span>, with video messages from FIFA headquarters in <span>Zurich</span>. By establishing this alliance with FIFA, Yingli Green Energy is aiming to further its strategic marketing initiatives worldwide in conjunction with the FIFA World Cup(TM).</p>
<p>FIFA President <span>Joseph S. Blatter</span> congratulated Yingli Green Energy from <span>Zurich</span> and indicated that FIFA had selected Yingli Green Energy to become one of its international sponsors because of Yingli's track record of success in the field of renewable energy and the Company's clear commitment to the environment.</p>
<p>"The announcement of Yingli Green Energy as the first Chinese company to be a global sponsor of the FIFA World Cup(TM) marks a historical moment," said Mr. Blatter. "Furthermore, I am extremely pleased that Yingli has chosen to support 20 Centres for 2010, the Official Campaign of the 2010 FIFA World Cup(TM), by providing solar panels and committing to our efforts to create a better environment, as embodied by our 'Green Goal' concept. I want to commend Mr. <span>Liansheng Miao</span> and his team at Yingli Green Energy on this sponsorship and their commitment to helping us build a better future, which is one of our most important missions."</p>
<p>Mr. <span>Jerome Valcke</span>, Secretary General of FIFA, added: "I am very excited to welcome such a world-leading renewable energy company and the first Chinese company to the FIFA family. We are looking forward to sharing ideas on how to go about making the world greener and cleaner through the love of football."</p>
<p>Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy, commented: "As one of the world's leading solar companies, we are excited to be joining other world-class brands as an international sponsor of the FIFA World Cup(TM). This sponsorship links Yingli Green Energy to the world's most popular and passionately followed sport. We feel privileged to have this opportunity, and look forward to offering our expertise to help FIFA leverage this much-loved sport to promote a better, greener environment. This sponsorship also signifies our response to the growing global demand to create a greener world through renewable energy. We are proud of our mission and the steps we are taking to make solar power an enduring and cost-effective technology for all humankind."</p>
<p>Mr. Miao noted that Yingli Green Energy had long been dedicated to a vision of a world powered by clean, renewable energy. In pursuing this vision, the Company strives to create a healthy, safe and supportive working environment for all of its employees. In late 2009, Yingli Green Energy was proud to receive the SA 8000 certification, which is testament to its ongoing commitment to social responsibility. This commitment complements FIFA's mission to help create a better future.</p>
<p>Yingli Green Energy's sponsorship agreement for the 2010 FIFA World Cup(TM) gives the Company global marketing rights, including certain ticket, perimeter-board advertising and media rights as well as the right to showcase its solar products at the fan zones in the FIFA World Cup(TM) stadiums. Additionally, the agreement gives Yingli the right to place its company logo next to the FIFA World Cup(TM) Official Emblem and advertise or promote its products and services at each step of the distribution process. Yingli will have access to extensive on-site opportunities at FIFA World Cup(TM) stadiums for marketing and promotion purposes.</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE), who holds the brand <span>Yingli Solar</span>, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy develops, manufactures and sells photovoltaic modules to a wide range of markets, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>Greece</span>, <span>France</span>, <span>South Korea</span>, <span>China</span>, and <span>the United States</span>. Headquartered in Baoding, <span>China</span>, Yingli Green Energy has more than 6000 employees and more than 10 branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE: YGE). For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AvwalzL1fco2QN7Hh02FHkWxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a></p>
<p>About FIFA</p>
<p>The Federation Internationale de Football Association (FIFA) is world football's governing body and as such is responsible for many aspects of the game, ranging from publishing the Laws of the Game to organising major international tournaments like the FIFA World Cup(TM). FIFA was founded in 1904 by seven associations representing <span>Belgium</span>, <span>Denmark</span>, <span>France</span>, <span>the Netherlands</span>, <span>Spain</span>, <span>Sweden</span> and <span>Switzerland</span>. It now boasts over 200 member associations, divided between six continental confederations: <span>Asia</span> (AFC), <span>Africa</span> (CAF), <span>Europe</span> (UEFA), Oceania (OFC), North and <span>Central America</span> and the <span>Caribbean</span> (CONCACAF), and <span>South America</span> (CONMEBOL). FIFA is based in <span>Zurich, Switzerland</span>. As world football's governing body, FIFA is responsible for the core values of the game.</p>
<pre>    For further information, please contact:<br /><br />    Yingli Green Energy<br /><br />     In China:<br />      Qing Miao<br />      Director, Investor Relations<br />      Yingli Green Energy Holding Company Limited<br />      Phone: +86-312-3100502<br />      Email: ir@yinglisolar.com<br /><br />     In the Americas:<br />      Judy Tzeng Lee<br />      Director of Corporate Development<br />      Yingli Green Energy Holding Company Limited<br />      Phone: +1-510-847-3920<br />      Email: pr@yinglisolar.com<br /><br />     In Europe:<br />      Rebecca Jarschel<br />      Brand Manager<br />      Yingli Green Energy Europe GmbH<br />      Phone: +49-89-540303412<br />      Email: pr@yinglisolar.com<br /><br />    Fleishman-Hillard International Communications<br /><br />     China:<br />      Riomma Zhou / Daniel Ye<br />      Phone: +86-10-5869-1666 x2113/2105<br />      Email: riomma.zhou@fleishman.com<br />             tianxiong.ye@fleishman.com<br /><br />    FIFA Media Department Zurich:<br />     Phone: +41-43-2227272<br />     Fax:   +41-43-2227373<br />     Email: media@fifa.org<br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy to Announce Fourth Quarter and Full Year 2009</title>
      <guid>message_4547</guid>
      <pubDate>26 Jan 2010 09:40:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4547</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Jan. 26</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") product manufacturers, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended <span>December 31, 2009</span> before the U.S. market opens on <span>Monday, March 8, 2010</span>.</p>

<p>The Company has scheduled a corresponding conference call and live webcast to discuss the results at <span>8:00 AM Eastern Standard Time</span> (EST) on <span>March 8, 2010</span>, which corresponds to <span>9:00 PM</span> Beijing/<span>Hong Kong</span> time the same day.</p>
<pre>    The dial-in details for the live conference call are as follows:<br />    -- U.S. Toll Free Number: +1-866-356-4281<br />    -- International dial-in number: +1-617-597-5395<br />    -- Passcode: 50414803<br /></pre>
<p>A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at <a href="http://us.lrd.yahoo.com/_ylt=AvwalzL1fco2QN7Hh02FHkWxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> . A replay will be available shortly after the call on Yingli Green Energy's website for 90 days.</p>
<p>A replay of the conference call will be available until <span>March 22, 2010</span> by dialing:</p>
<pre>    -- U.S. Toll Free Number: + 1-888-286-8010<br />    -- International dial-in number: + 1-617-801-6888<br />    -- Passcode: 90317348<br /></pre>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited is a leading solar energy company and one of the world's largest vertically integrated photovoltaic product manufacturers. Yingli Green Energy develops, manufactures and sells photovoltaic modules to a wide range of markets, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>Greece</span>, <span>France</span>, <span>South Korea</span>, <span>China</span>, and <span>the United States</span>. Headquartered in Baoding, <span>China</span>, Yingli Green Energy has more than 6,000 employees and more than 10 branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE: YGE). For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AtdRtfc_J4cEBsO_eRbu3P2xcq9_;_ylu=X3oDMTE2bnAwMW9xBHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a></p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /></pre>]]>
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      <title>[Press Release] State Key Laboratory of PV Technology to be Established at Yingli Green Energy</title>
      <guid>message_4472</guid>
      <pubDate>15 Jan 2010 10:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4472</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Jan. 15</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the Ministry of Science and Technology of <span>China</span> has approved the application to establish the first national-level key laboratory in the field of PV technology development, the State Key Laboratory of PV Technology (the "Laboratory"), at Yingli Green Energy's manufacturing base in Baoding.</p>

<p>Yingli Green Energy has actively devoted technology and management resources to facilitate both the application and the initial set-up of the Laboratory. The State Key Laboratory will be established with the mission of driving the Chinese development of world-class PV technology in <span>China</span>. Yingli Green Energy expects to enjoy priority rights to commercialize technologies developed in the Laboratory at the Company's production lines. The Laboratory, as an independent research entity, has had the support of Baoding Yingli Group Company Limited, an affiliate of the Company, throughout the application process to satisfy relevant application criteria.</p>
<p>"We are pleased to announce the establishment of the State Key Laboratory at our manufacturing base in Baoding," commented Mr. <span>Liansheng Miao</span>, chairman and chief executive officer of Yingli Green Energy. "We believe technological innovation is essential to our position as a global leader in sustainable energy solutions and key to the quality and cost structure of our products. With increasing support from both the public and private sectors, we believe the Laboratory has the potential to positively contribute to the development of the PV industry as a platform for the commercialization of cutting-edge PV technologies, as well as a center for academic and professional training."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, <span>China</span>, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>South Korea</span>, <span>Belgium</span>, <span>France</span>, <span>China</span> and <span>the United States</span>. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Au507RuLTNIHYbAtsGiMgkmxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Receives $4.5 Million Tax Credit</title>
      <guid>message_4443</guid>
      <pubDate>13 Jan 2010 11:35:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4443</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Jan. 13</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has received through its US subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), a tax credit of <span>US$4.5 million</span> from the United States Treasury Department, as part of its Recovery Act Advanced Manufacturing Tax Credit program ("MITC program"), for the Company's planned establishment of manufacturing operations in <span>the United States</span>. According to the U.S. Department of Energy, tax credits under the MITC program are focused on putting Americans back to work by building a robust domestic manufacturing capacity to supply clean and renewable energy projects with American-made parts and equipment.</p>

<p>Yingli Green Energy is currently evaluating several potential sites for its planned 100 MW module manufacturing facility, which will also serve as its North American headquarters for operations and research and development. The Company expects to select a location in the following weeks and begin production later this year. Much of the manufacturing equipment used for production and testing will be procured from US companies and assembled in <span>the United States</span>.</p>
<p>"We are pleased to have been selected as a recipient of tax credits under the MITC program," commented Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy. "Establishing a manufacturing presence in <span>the United States</span> will enable our company to better serve our local customers and build upon our existing commercial relationships. The tax credits we received will positively contribute towards making these domestic operations sustainable for our customers, employees and community."</p>
<p>"The tax credits we received will accelerate our momentum in the US market," added Mr. <span>Robert Petrina</span>, Managing Director of Yingli Americas. "Our North America Center of Excellence will serve to facilitate the collaboration we enjoy with our commercial partners and reduce time-to-market for newly developed innovative products designed to drive down the cost of solar power generation. We look forward to advancing our contribution to the growth of the domestic green economy."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, <span>China</span>, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>South Korea</span>, <span>Belgium</span>, <span>France</span>, <span>China</span> and <span>the United States</span>. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Au507RuLTNIHYbAtsGiMgkmxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel: +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel: +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel: +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Signs Agreements to Supply 30 MW of PV Modules to Customers</title>
      <guid>message_4387</guid>
      <pubDate>07 Jan 2010 11:06:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4387</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Jan. 7</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed five sales agreements with customers in <span>Spain</span>. Under these sales agreements, in the first half of 2010 the Company is expected to supply a total of approximately 30 MW of PV modules to be installed in ground-mounted power plants and commercial roof-top systems.</p>

<p>"We are pleased to see continued demand for our high quality modules in <span>Spain</span>," said Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy. "Following the global financial crisis and the Spanish market's sharp decline in early 2009 resulting from the constraints on annual installation volumes, Yingli Green Energy has been enhancing our marketing and execution capabilities. We are encouraged by our progress as customers increasingly view 'Yingli Solar' as a reliable, trustworthy and bankable brand."</p>
<p>"With solid customer bases and effective strategies in place for <span>Europe</span> and globally, we look forward to a promising year ahead," Mr. Miao concluded.</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, <span>China</span>, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>South Korea</span>, <span>Belgium</span>, <span>France</span>, <span>China</span> and <span>the United States</span>. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Au507RuLTNIHYbAtsGiMgkmxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy to Supply 130 MW of PV Modules to IBC SOLAR AG in 2010</title>
      <guid>message_4246</guid>
      <pubDate>15 Dec 2009 11:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4246</link>
      <description>
        <![CDATA[<p>BAODING, <span>China</span>, <span>Dec. 15</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed a sales agreement ("the agreement") with IBC SOLAR AG ("IBC SOLAR"), one of the leading specialists in PV systems worldwide. Under the terms of the agreement, Yingli Green Energy has agreed to supply 130 MW of PV modules to IBC SOLAR from the first quarter through the fourth quarter of 2010.</p>
<p>"We are pleased to announce the largest contract in the history of Yingli Green Energy's cooperation with IBC SOLAR, which is a testament to the strength of the relationships we maintain with our customers," said Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy. "This cooperation with IBC SOLAR, one of the world's largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement represents our ongoing commitment to work with our customers to make it possible for clean, green and renewable energy from the sun to power businesses, homes and machines throughout the world."</p>
<p>Mr. Miao noted that the agreement with IBC SOLAR also provides additional visibility into Yingli Green Energy's expected sales for 2010.</p>
<p>Mr. <span>Udo Mohrstedt</span>, Chief Executive Officer of IBC SOLAR, commented, "We have always held that it is important for leading solar players to work together in order to supply our customers all over the world with state-of-the-art PV systems, so undoubtedly we are very confident to bring our cooperation with Yingli Green Energy to the next level."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, <span>China</span>, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>South Korea</span>, <span>Belgium</span>, <span>France</span>, <span>China</span> and <span>the United States</span>. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AqTSLqnal2N5eYmBc4AQYf6xcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>About IBC SOLAR AG</p>
<p>IBC SOLAR AG, founded in 1982, is a leading global photovoltaic integrator, offering complete solutions for power production from solar energy. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations. Globally, IBC SOLAR has already implemented more than 100,000 turnkey photovoltaic systems with a total power output of 800 megawatt (MWp). IBC SOLAR is represented around the globe by several affiliates and currently employs around 300 employees, of which 210 are in <span>Germany</span>. The international business group IBC SOLAR is directed from its headquarters in Bad Staffelstein. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=ArnqL95gTo.M4rDHEJBJlUWxcq9_;_ylu=X3oDMTE2NHQwcWhyBHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2liYy1z/SIG=10uh625p2/**http%3A//www.ibc-solar.com/" target="_blank"><a href="http://www.ibc-solar.com" target="_blank">http://www.ibc-solar.com</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /><br />    Press Contact IBC SOLAR AG:<br />     IBC SOLAR AG<br />     Katrin Birner<br />     Am Hochgericht 10<br />     96231 Bad Staffelstein<br />     Tel:   +09573 / 9224-780<br />     Fax:   +09573 / 9224-709<br />     Email: Katrin.Birner@ibc-solar.de<br />     Web:   <a href="http://www.ibc-solar.com" target="_blank">http://www.ibc-solar.com</a><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Announces Major Business Milestones</title>
      <guid>message_4245</guid>
      <pubDate>15 Dec 2009 11:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4245</link>
      <description>
        <![CDATA[<h2>Commences Trial Production and Reaches Certain Key Technology and Operating Milestones at In-house Polysilicon Manufacturing Facility<br />Hits 1 GW in Accumulated Output of PV Modules</h2>
<p>BAODING, <span>China</span>, <span>Dec. 15</span> /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has successfully commenced trial production and reached certain key technology and operating milestones at Fine Silicon Co., Ltd. ("Fine Silicon"), its in-house polysilicon manufacturing facility with an annual production capacity of 3,000 metric tons ("MT"). The Company also announced that its total output of PV modules has reached 1 GW since the Company began commercial production in 2002.</p>
<p>Commences Trial Production and Reaches Key Technology and Operating Milestones at In-house Polysilicon Manufacturing Facility</p>
<p>Yingli Green Energy announced its in-house polysilicon manufacturing facility, Fine Silicon, has commenced trial production and reached certain key technology and operating milestones. Designed to have an annual production capacity of 3,<span>000 MT</span>, the Baoding-based facility is expected to reach full production volume in late 2010. With state-of-the-art facilities and advanced monosilane-based polysilicon manufacturing technology, Fine Silicon is expected to be capable of producing high quality solar-grade and electronic-grade polysilicon through energy-efficient and environmentally-friendly manufacturing processes. Compared with the trichlorosilane ("TCS")-based polysilicon manufacturing technology, the advantages of the technology that Fine Silicon has adopted include significant electricity savings and low environmental impact. Fine Silicon's process utilizes no chlorides or TCS, and sulfate, its by-product, is easily treated.</p>
<p>"With Fine Silicon on-line, Yingli Green Energy will join a limited number of global PV manufacturers with fully vertically integrated business models covering the manufacturing process from polysilicon to PV modules," Mr. <span>Liansheng Miao</span>, Chairman and Chief Executive Officer of Yingli Green Energy, commented. "As one of the world's leading vertically integrated PV product manufacturers we look forward to further improving our cost structure, enhancing our operating performance and increasing our flexibility as we expand our global footprint."</p>
<p>Mr. Miao also noted that Yingli Green Energy completed the construction of Fine Silicon in less than two years.</p>
<p>Accumulated Output of PV Modules Hits 1 GW</p>
<p>Yingli Green Energy also announced that since the Company began commercial production in 2002, it has produced a total of 1 GW of PV modules under the "Yingli Solar" brand.</p>
<p>Through a series of expansions, the Company has increased its annual production capacity for each of polysilicon ingots and wafers, PV cells and PV modules to 600 MW as of <span>September 2009</span>, up from an initial 3 MW in 2002. Annual shipments of PV modules increased from 4.7 MW in 2004 to 282 MW in 2008, and are expected to be between 490 MW and 500 MW for 2009, resulting from high product quality, extensive international sales channels and a well-recognized brand. In total, 1 GW of PV modules has an annual power output of over 1 billion kilowatt hours, which corresponds to displacement of approximately 1,000,000 tons of carbon dioxide emissions annually. In addition, Yingli Green Energy has created nearly 6,000 jobs across various areas of its business.</p>
<p>Mr. Miao noted that as shipment volume of "Yingli Solar" PV modules keeps growing, Yingli Green Energy's PV technology has made significant advances, and the technical improvements resulting from the Company's research and development efforts have been instrumental in significantly reducing its manufacturing costs and improving the performance of its products.</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, <span>China</span>, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including <span>Germany</span>, <span>Spain</span>, <span>Italy</span>, <span>South Korea</span>, <span>Belgium</span>, <span>France</span>, <span>China</span> and <span>the United States</span>. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AqTSLqnal2N5eYmBc4AQYf6xcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: ir@yinglisolar.com<br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: cshike@brunswickgroup.com<br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: kcralle@brunswickgroup.com<br /><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Receives Multiple Business Awards</title>
      <guid>message_4129</guid>
      <pubDate>25 Nov 2009 11:13:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4129</link>
      <description>
        <![CDATA[<p>BAODING, China, Nov. 25 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AjX6pR3ix0AjCLYBOi2kRwuxcq9_;_ylu=X3oDMTB1OTZmYWdqBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA3lnZQ--?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AtgY6pyvdLFVrIVcSmBeqRSxcq9_;_ylu=X3oDMTB2MWIxcnJxBHBvcwMyBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA25ld3M-?s=yge" target="_blank">News</a><strong>;</strong> "Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has recently received awards recognizing the Company's growth, business prospects and competitiveness from Deloitte, The Asset magazine and the Institute of Industrial Economics of the Chinese Academy of Social Sciences.</p>
<p>"These awards are recognition of our leading position in the fast growing China market," Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented. "2009 has been another remarkable year for us. During the year, we successfully expanded our annual capacity to 600 MW, continued to increase our market share in established markets and raise recognition in emerging markets as well as achieved substantial progress on Project PANDA and the construction of Fine Silicon, our own polysilicon manufacturing plant. We expect to deliver continued growth and innovation in the years to come."</p>
<p>Deloitte Technology Fast 50 China</p>
<p>Yingli Green Energy has been ranked by Deloitte among its "Technology Fast 50 China" companies for the second time since 2007. The Deloitte Technology Fast 50 China program ranks leading companies in the technology, media and telecommunications sectors based on their average revenue growth rates over the last three years. Winners of the Deloitte Technology Fast 50 China program will automatically qualify for the Deloitte Technology Fast 500 Asia Pacific Program, which is regarded as one of the most established and objective ranking programs of fast growing technology companies in the Asia Pacific Region, with results to be announced in December 2009.</p>
<p>The Asset China's Most Promising Companies 2009</p>
<p>The Company has been named one of the most promising companies in the energy sector as part of The Asset China's Most Promising Companies 2009 award by The Asset magazine, an Asia-based financial publication delivering authoritative coverage and independent research of Asia's financial industry. The winners are selected from 300 China-based companies listed on stock exchanges worldwide by investment professionals and research analysts.</p>
<p>The Institute of Industrial Economics of CASS - 2009 Top 10 Most Competitive Overseas Listed Companies of China</p>
<p>The Company has been ranked among "2009 Top 10 Most Competitive Overseas Listed Companies of China" by the Institute of Industrial Economics, a branch of The Chinese Academy of Social Sciences ("CASS") and China Business, one of the leading economic and management newspapers in China. The Top 10 companies were selected from China-based overseas listed companies based on management capabilities, brand recognition and financial strength.</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=Ai7kkSTQfcNyawaSfn3GpOyxcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDeWdl?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AiM6fq4O45YFkoo3ksI.Ivmxcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Amn1z0H9XRjgbPS8ZO7Jzxixcq9_;_ylu=X3oDMTE2MzY4YTNlBHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: <a href="mailto:ir@yinglisolar.com;_ylt=AvttxZUUeBKyxEHgjlqv1uOxcq9_;_ylu=X3oDMTE2czNkY3I2BHBvcwM0BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaXJ5aW5nbGlzb2xh" target="_blank">ir@yinglisolar.com</a><br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: <a href="mailto:cshike@brunswickgroup.com;_ylt=ArBm8ikHq8x3fbgnL_hlJRuxcq9_;_ylu=X3oDMTE2dWw2cGsxBHBvcwM1BHNlYwNuZXdzQXJ0Qm9keQRzbGsDY3NoaWtlYnJ1bnN3" target="_blank">cshike@brunswickgroup.com</a><br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: <a href="mailto:kcralle@brunswickgroup.com;_ylt=Ao8IDF0VjyA76bbX_IoVThGxcq9_;_ylu=X3oDMTE2NGQwOGR2BHBvcwM2BHNlYwNuZXdzQXJ0Qm9keQRzbGsDa2NyYWxsZWJydW5z" target="_blank">kcralle@brunswickgroup.com</a><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Announces the Attainment of TUV Rheinland Conference</title>
      <guid>message_4001</guid>
      <pubDate>17 Nov 2009 12:22:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/4001</link>
      <description>
        <![CDATA[<p>BAODING, China, Nov. 17 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AhzjSP5BdnmnoMtZauC.Lk.xcq9_;_ylu=X3oDMTB1OTZmYWdqBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA3lnZQ--?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=Aq5_r2v0J0zTUYIExy1fqvCxcq9_;_ylu=X3oDMTB2MWIxcnJxBHBvcwMyBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA25ld3M-?s=yge" target="_blank">News</a><strong>;</strong> "Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that its "Yingli Solar" brand modules have attained the "Power Controlled" certification from TUV Rheinland Group ("TUV Rheinland"), a leading global service provider in the testing of photovoltaic modules and components, at its 2009 Annual Global Customer Conference which kicked off today in Baoding. Present at the conference were more than 300 customers, business partners, PV association representatives and selected journalists.</p>
<p>"Power Controlled" certification provides independent verification and assurance that the real rated power of Yingli Solar brand modules lies within the specified tolerance as stated in the Company's datasheets. The certification reduces risk and uncertainty in the real power installed in PV systems and therefore further reduces financial return risk for investors. The Company believes the attainment of this certification further reinforces the bankability of its "Yingli Solar" brand modules.</p>
<p>"We are pleased to be among the first companies to receive 'Power Controlled' certification," Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented. "At Yingli Green Energy we are focused on continuously improving our product quality, and we strive to underpin our innovations with certifications from leading independent third parties. With the 'Power Controlled' certification we can offer our customers and investors an additional level of assurance that our modules deliver the power that we promise, and by reducing the uncertainty in PV system performance we are helping lay the foundation for grid-parity PV solutions in the future."</p>
<p>Willi Vaassen, TUV Rheinland Business Field Manager of Renewable Energy, commented, "We are pleased that Yingli Green Energy is one of the first recipients of the 'Power Controlled' certification, which we have designed to drive the development of a reliable power rating system for PV modules. As the leading global service provider in the testing of photovoltaic modules and components, we are committed to boosting market access and reducing investment risk for PV systems around the world through rolling this program out to leading global PV-module manufacturers."</p>
<p>TUV Rheinland "Power Controlled" certification includes periodic third-party assessment of Yingli Green Energy's pulsed solar simulators, measurement procedures, maintenance and calibration intervals and power output verification testing of PV modules through random sampling and evaluation of flash-test data from the production line. The measurement procedures and calibration are traceable to the highest standards of World PV Scale (WPVS).</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AlMaTzubrbWPjcYE1ZEmAnexcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDeWdl?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=Aj5cjTGyLigyFXJ7.Hr1z6yxcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Ar6.FCPRS9vOYwX.jV0USqOxcq9_;_ylu=X3oDMTE2MzY4YTNlBHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>About TUV Rheinland Group</p>
<p>TUV Rheinland is a leading group for the provision of technical services worldwide. It has over 490 locations in 61 countries on all five continents. TUV Rheinland is over 130 years old and its headquarters are in Cologne, Germany. As the leading global service provider in the testing of Photovoltaic modules and components, TUV Rheinland Group tests and provides certification of about 70% of PV products worldwide. We have more than 100 PV-experts worldwide with up to 25 years of expertise in the PV field.</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: <a href="mailto:ir@yinglisolar.com;_ylt=AjPXX6CcfYL8l2bOeBQJNg2xcq9_;_ylu=X3oDMTE2czNkY3I2BHBvcwM0BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaXJ5aW5nbGlzb2xh" target="_blank">ir@yinglisolar.com</a><br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: <a href="mailto:cshike@brunswickgroup.com;_ylt=AvWHY4tsjH1N_mbRfyWclGOxcq9_;_ylu=X3oDMTE2dWw2cGsxBHBvcwM1BHNlYwNuZXdzQXJ0Qm9keQRzbGsDY3NoaWtlYnJ1bnN3" target="_blank">cshike@brunswickgroup.com</a><br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: <a href="mailto:kcralle@brunswickgroup.com;_ylt=AiK5An0BN6aEiZsdDypy43Sxcq9_;_ylu=X3oDMTE2NGQwOGR2BHBvcwM2BHNlYwNuZXdzQXJ0Qm9keQRzbGsDa2NyYWxsZWJydW5z" target="_blank">kcralle@brunswickgroup.com</a><br /><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy to Announce Third Quarter 2009 Financial Results on November</title>
      <guid>message_3694</guid>
      <pubDate>26 Oct 2009 09:00:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/3694</link>
      <description>
        <![CDATA[<p>BAODING, China, Oct. 26 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AhztvfK2h0sJQIvjmlWxqJ2xcq9_;_ylu=X3oDMTB1OTZmYWdqBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA3lnZQ--?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=Av.9mh2FBVuzyvwWCfnwaDmxcq9_;_ylu=X3oDMTB2MWIxcnJxBHBvcwMyBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA25ld3M-?s=yge" target="_blank">News</a><strong>;</strong> "Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2009, before the U.S. market opens on Friday, November 13, 2009.</p>
<p>The Company has scheduled a corresponding conference call and live webcast to discuss the results at 8:00 AM Eastern Standard Time (EST) on November 13, 2009, which corresponds to 9:00 PM Beijing/Hong Kong time the same day.</p>
<pre>    The dial-in details for the live conference call are as follows:<br /><br />    -- U.S. Toll Free Number: +1-800-291-9234<br />    -- International dial-in number: +1-617-614-3923<br />    -- Passcode: 82289455<br /></pre>
<p>A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at <a href="http://us.lrd.yahoo.com/_ylt=AgPrPMhS7j.3SvcWl_8r1PWxcq9_;_ylu=X3oDMTE2dDVuNDZrBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .  A replay will be available shortly after the call on Yingli Green Energy's website for 90 days.</p>
<p>A replay of the conference call will be available until November 27, 2009 by dialing:</p>
<pre>    -- U.S. Toll Free Number: +1-888-286-8010<br />    -- International dial-in number: +1-617-801-6888<br />    -- Passcode: 45378350<br /></pre>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=ArTugXk0duJOaaEXxLuEEhmxcq9_;_ylu=X3oDMTB0cnRncG9wBHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDeWdl?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AnpKCrZHw6dGGcKGItOoVyixcq9_;_ylu=X3oDMTB1aWM3ZDA2BHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>) is one of the world's leading vertically integrated PV product manufacturers.  Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Av6E8eaXodUGmbEHXksdZMaxcq9_;_ylu=X3oDMTE2dWhkcDFxBHBvcwM0BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: <a href="mailto:ir@yinglisolar.com;_ylt=ApwImuuMwQBzjqaJnjR2JOKxcq9_;_ylu=X3oDMTE2bDl1bmNqBHBvcwM1BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaXJ5aW5nbGlzb2xh" target="_blank">ir@yinglisolar.com</a><br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: <a href="mailto:cshike@brunswickgroup.com;_ylt=ArZEKE8C1MctwwRYXIMKC3Wxcq9_;_ylu=X3oDMTE2NGdxMWV2BHBvcwM2BHNlYwNuZXdzQXJ0Qm9keQRzbGsDY3NoaWtlYnJ1bnN3" target="_blank">cshike@brunswickgroup.com</a><br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: <a href="mailto:kcralle@brunswickgroup.com;_ylt=AhIOTuFhA6Q3qi4FdOhnJaCxcq9_;_ylu=X3oDMTE2a2Q5bmp1BHBvcwM3BHNlYwNuZXdzQXJ0Qm9keQRzbGsDa2NyYWxsZWJydW5z" target="_blank">kcralle@brunswickgroup.com</a><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Wins Global Renewable Energy Award</title>
      <guid>message_3392</guid>
      <pubDate>22 Sep 2009 11:20:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/3392</link>
      <description>
        <![CDATA[<p>BAODING, China, Sept. 22 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AuRg95rJ_m.z8s9sN9wWAZGxcq9_;_ylu=X3oDMTB1OTZmYWdqBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA3lnZQ--?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AmBaZblIzEDvwCfOvhcWpx.xcq9_;_ylu=X3oDMTB2MWIxcnJxBHBvcwMyBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA25ld3M-?s=yge" target="_blank">News</a><strong>;</strong> "Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, has received a Euromoney and Ernst &amp; Young Global Renewable Energy Award. The Awards were founded in 2004 to recognize the projects, companies and individuals who have made significant contributions to the global renewable energy sector.</p>

<p>The 6th annual Euromoney and Ernst &amp; Young Global Renewable Energy Awards, dubbed the "Green Oscars," were presented at the London Science Museum on September 21, 2009. Awards were given in nine categories, from "Lender of the Year" to "Climate Change Investment Program of the Year." Mr. Bryan Li, Chief Financial Officer of Yingli Green Energy, was present on behalf of the Company to accept the "Equity Deal of the Year - Technology" award in recognition of the Company's successful June 2009 equity follow-on offering of 18,390,000 ADSs which helped to raise investors' confidence in the renewable energy sector.</p>
<p>"We are honored to be the first Chinese Company to receive the most prestigious financial award in the renewable energy industry," commented Mr. Li, "At Yingli Green Energy we strive to support sustainable development by supplying global solar markets with low cost, high-quality PV modules. This award is a confirmation and acknowledgment of Yingli Green Energy's continuous efforts and commitment to making a greener world."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AqwMaUI7xkk6FRbtTHDiF_axcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDeWdl?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=AjFTwjLmTfnWIqZw1qno46Kxcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=AgWK7.g47l.bdkh57T0i8WOxcq9_;_ylu=X3oDMTE2MzY4YTNlBHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel: +86-312-3100-502<br />     Email: <a href="mailto:ir@yinglisolar.com;_ylt=AhtSzQHQXqZ_QVPEaHEkhyuxcq9_;_ylu=X3oDMTE2czNkY3I2BHBvcwM0BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaXJ5aW5nbGlzb2xh" target="_blank">ir@yinglisolar.com</a><br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel: +86-10-6566-2256<br />     Email: <a href="mailto:cshike@brunswickgroup.com;_ylt=AggJNYHDJogrNIrXrvdfV1Gxcq9_;_ylu=X3oDMTE2dWw2cGsxBHBvcwM1BHNlYwNuZXdzQXJ0Qm9keQRzbGsDY3NoaWtlYnJ1bnN3" target="_blank">cshike@brunswickgroup.com</a><br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel: +1-212-333-3810<br />     Email: <a href="mailto:kcralle@brunswickgroup.com;_ylt=AkHJnitteeV0uVOqjSykYpGxcq9_;_ylu=X3oDMTE2NGQwOGR2BHBvcwM2BHNlYwNuZXdzQXJ0Qm9keQRzbGsDa2NyYWxsZWJydW5z" target="_blank">kcralle@brunswickgroup.com</a><br /></pre>]]>
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      <title>[Press Release] Yingli Green Energy Announces Cooperation with SiC for Exhausted Cutting Slurry</title>
      <guid>message_3211</guid>
      <pubDate>02 Sep 2009 13:20:00 GMT</pubDate>
      <link>http://chinasecurities.com/ir/Yingli/messages/3211</link>
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        <![CDATA[<p>BAODING, China, Sept. 2 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=AtoKzioMa7Su45TmxPv3ZoSxcq9_;_ylu=X3oDMTB1OTZmYWdqBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA3lnZQ--?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=Ao7mRs.IulLMFQYjDI_2gqexcq9_;_ylu=X3oDMTB2MWIxcnJxBHBvcwMyBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA25ld3M-?s=yge" target="_blank">News</a><strong>;</strong> "Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, and SiC Processing AG ("SiC"), one of world's leading service providers in the field of mechanical wet-cutting technologies for the wafer industry, today announced that they have signed a Cooperation and Supply Agreement under which SiC will recycle exhausted cutting slurries for Yingli Green Energy.</p>

<p>Under the agreement, SiC Processing (Baoding) ("SiC Baoding"), a wholly-owned subsidiary of SiC with an on-site facility located inside Yingli Green Energy's manufacturing facilities in Baoding, will expand its annual capacity for the recovery of exhausted cutting slurries from 15,000 tons to 30,000 tons by the third quarter of 2010, which will be used exclusively to recycle exhausted cutting slurries generated by Yingli Green Energy. In addition, SiC Baoding will supply all of the recycled cutting slurries to Yingli Green Energy through the end of 2020. This cooperation with SiC is expected to further enhance the Company's cost advantages through the reduction of time and costs associated with recycling, packing and transportation, as well as further improve the Company's overall operating efficiency.</p>
<p>"We are delighted to announce the cooperation with SiC for the recovery of exhausted cutting slurries, which we believe will further enhance our position as a leading low-cost PV product manufacturer and environmentally friendly enterprise," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As a renewable energy company, we are committed to powering the world with natural, sustainable and carbon-free electricity. Working toward that goal, I am very pleased that our efforts to develop more efficient and environmentally friendly manufacturing processes have provided us with both economic rewards and lowered environmental impact."</p>
<p>"Our cooperation with Yingli Green Energy started in 2007. The first phase of our facility in Baoding, which is our first on-side facility in China, has an annual capacity of 15,000 tons and will start trial operation on September 7, 2009," commented Mr. Yinzhi Han, General Manager of SiC Processing China. "Yingli Green Energy's fast growing business provides an excellent basis for our new expansion plan, and we are excited to grow together with our customers."</p>
<p>About Yingli Green Energy</p>
<p>Yingli Green Energy Holding Company Limited (NYSE: <a href="http://finance.yahoo.com/q;_ylt=Al.fQUf4zlOVsgqhxWhbjs2xcq9_;_ylu=X3oDMTB0MzBqb29mBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDeWdl?s=yge&amp;d=t" target="_blank">YGE</a> - <a href="http://finance.yahoo.com/q/h;_ylt=Aoc6RWCv6YUoXsFrI6grS.Kxcq9_;_ylu=X3oDMTB1N2h1ZnF2BHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDbmV3cw--?s=yge" target="_blank">News</a>) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit <a href="http://us.lrd.yahoo.com/_ylt=Ai7ndE7MSUR4xZtph3piW9axcq9_;_ylu=X3oDMTE2MzY4YTNlBHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d3lpbmds/SIG=1107b9m3u/**http%3A//www.yinglisolar.com/" target="_blank"><a href="http://www.yinglisolar.com" target="_blank">http://www.yinglisolar.c...</a></a> .</p>
<p>Safe Harbor Statement</p>
<p>This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.</p>
<pre>    For further information, please contact:<br /><br />    In China:<br />     Qing Miao<br />     Director, Investor Relations<br />     Yingli Green Energy Holding Company Limited<br />     Tel:   +86-312-3100-502<br />     Email: <a href="mailto:ir@yinglisolar.com;_ylt=Aqy9YCMVtp1IjMFkiQUZt9Wxcq9_;_ylu=X3oDMTE2czNkY3I2BHBvcwM0BHNlYwNuZXdzQXJ0Qm9keQRzbGsDaXJ5aW5nbGlzb2xh" target="_blank">ir@yinglisolar.com</a><br /><br />     Courtney Shike<br />     Brunswick Group LLC<br />     Tel:   +86-10-6566-2256<br />     Email: <a href="mailto:cshike@brunswickgroup.com;_ylt=Aj_Oeb.EjqH0YASWstpKtjSxcq9_;_ylu=X3oDMTE2dWw2cGsxBHBvcwM1BHNlYwNuZXdzQXJ0Qm9keQRzbGsDY3NoaWtlYnJ1bnN3" target="_blank">cshike@brunswickgroup.com</a><br /><br />    In the United States:<br />     Katie Cralle<br />     Brunswick Group LLC<br />     Tel:   +1-212-333-3810<br />     Email: <a href="mailto:kcralle@brunswickgroup.com;_ylt=Am_uSicXd89SDoITn.MNfVKxcq9_;_ylu=X3oDMTE2NGQwOGR2BHBvcwM2BHNlYwNuZXdzQXJ0Qm9keQRzbGsDa2NyYWxsZWJydW5z" target="_blank">kcralle@brunswickgroup.com</a><br /></pre>]]>
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