Yingli Green Energy Holding Co. Ltd. provided earnings guidance for the first quarter of 2016. Based upon preliminary data, the company estimates that its net income for the first quarter of 2016 turned into positive for the first time since the third quarter of 2011, with an estimated net margin of 2.5% to 4.5%. The company estimates that its PV module shipments in the first quarter of 2016 were in the range of 500 MW-510 MW, which were at the high end of its previous guidance of 480 MW to 510 MW. The company also estimates that its overall gross margin in the first quarter of 2016 was in the range of 18.5% to 20.5%, representing a significant increase from the fourth quarter of 2015, which was primarily due to the higher average selling price of the company’s PV modules compared to the fourth quarter of 2015 mainly as a result of higher proportion of shipments to Japan, where the selling price of PV module generally is higher than that in other markets.