Chinese solar photovoltaic (PV) manufacturer Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) posted second-quarter 2015 results before markets opened on Tuesday. The company posted diluted an earnings per American depositary share (ADS) loss of $0.53, compared with a loss of $0.26 in the year-ago quarter and a consensus estimate for a loss of $0.22 per ADS. Revenues slipped year over year from $549.5 million to $438.1 million, well below the consensus estimate of $494.62 million. One ADS is equal to one ordinary share.

On August 13, Yingli received a notice from the New York Stock Exchange that the company is not in compliance with an NYSE rule for continued listing because the stock’s share price has fallen below $1.00 per ADS for a period of 30 consecutive days. The company has six months from the date of the notice to regain compliance, and it has said that it would notify the NYSE that it intends to cure its price deficiency within the prescribed period.

Total PV module shipments (including 43.2 megawatts destined for PV systems of the company’s own downstream PV projects) were 727.9 megawatts in the second quarter of 2015, compared to 754.2 megawatts in the first quarter of 2015 and 887.9 megawatts in the second quarter of 2014.

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As of June 30, 2015, Yingli had $92.7 million in cash and cash equivalents, compared to approximately $184.2 million as of March 31, 2015. The decrease in cash and cash equivalents was mainly due to the repayment of the medium-term notes in the principal amount of approximately $193.55 million due in May 2015.

Yingli expects PV third-quarter module shipments in an estimated range of 550 to 580 megawatts and expects module shipments to be 2,500 megawatts to 2,800 megawatts for the fiscal year ending December 31, 2015.

Analysts’ consensus estimates call for a third-quarter loss of $0.12 per ADS on revenues of $612.1 million and a full-year loss of $0.80 per ADS on revenues of $2.28 billion.

The company’s CEO said:

During the second quarter of 2015, our shipments to China and the U.S. grew significantly and increased by 110% and 35%, respectively, compared to the first quarter of 2015. Due to our continuous efforts in market diversification, our shipments to emerging markets, such as Northern and Southern Africa, Central and Southern Asia, Middle East and Latin America, continued to make remarkable progresses. … [W]e are actively taking measures to prepare for repayment of the RMB1.0 billion five-year unsecured medium-term notes when they become due this October and are exploring a number of financing options including liquidation of idle assets, introduction of strategic investors and potential new cooperation model with our business partners. Also, for our downstream project development business, we have adopted and will follow a core principle of ‘less investment, and quicker turnover’ in order to maintain a stable cash flow.

Yingli shares traded down about 6.5% in Tuesday’s premarket, at $0.695 in a 52-week range of $0.70 to $4.03. The consensus price target from Thomson/First Call is $1.62.

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