Daqo New Energy’s Q1/2024 Net Income Narrows Down
Accumulated Inventories & Lower ASPs Impact Chinese Polysilicon Maker’s Business
Wednesday, 01 May 2024
Chinese polysilicon manufacturer Daqo New Energy saw a decline in its Q1/2024 revenues and net income due to lower average selling price (ASP), and points to the significant pressure on the wafer sector from accumulated inventories and negative margi.
Daqo Upbeat About 2024 Despite 2023 Revenue Drop
Chinese Polysilicon Manufacturer Guides For Up To 50% Annual Increase In 2024 Production Volume
Thursday, 29 Feb 2024
Leading Chinese polysilicon producer has reported a 50% decline in its annual revenues for 2023, blaming it on lower ASPs, but the decline was partially offset by higher sales volume.
China Solar PV News Snippets
TaiyangNews Annual Flagship Event Part 2 & More From Astronergy, Daqo New Energy, Leascend, PowerChina, GCL Optoelectronics
Friday, 15 Dec 2023
TW Solar at TaiyangNews annual flagship event; CTGR shortlists Astronergy module bid; Daqo New Energy plans new silicon fab in Shihezi; Leascend to build 12 GW HJT cell fab; PowerChina procuring 42 GW of PV modules & inverters; GCL Opto’s perovskite module hits 26.34% efficiency.
Polysilicon Price Dynamics Impact Daqo’s Q3/2023 Results
Polysilicon Manufacturer’s Revenues Suffer With ASP Decrease; Raises Annual Production Guidance
Wednesday, 01 Nov 2023
Chinese polysilicon manufacturer Daqo New Energy saw its revenues decline by 24% sequentially and by 60% YoY in Q3/2023 for which the management attributes the decrease in polysilicon ASPs.
China Solar PV News Snippets
1 Millionth 440 W Module Shipped To Australia By JinkoSolar & More From Trina Solar, Zhongneng, TCL Zhonghuan, Daqo New Energy
Monday, 07 Aug 2023
JinkoSolar 440 W module shipments to Australia cross 1 million; Zhongneng Solar signs agreement to construct perovskite facility; TCL Zhonghuan issues corporate bonds; Daqo New Energy reports H1 2023 results.
Low Polysilicon Prices Impact Daqo’s Q2/2023 Results
Aggressive Pricing Due To Oversupply Pulled Down Solar Silicon Producer’s Revenues; Annual Guidance Maintained
Friday, 04 Aug 2023
Chinese polysilicon producer Daqo New Energy says oversupply and excess industry inventory led to delays and reductions of orders from its downstream customers that pulled down its Q2/2023 revenues by 10% sequentially and 49% annually to $636.7 milli.
Senior Leadership Overhaul At Daqo New Energy
Chinese Polysilicon Giant’s CEO Steps Down With Immediate Effect; Xiang Xu Takes Over
Friday, 04 Aug 2023
Chinese polysilicon manufacturer Daqo New Energy has announced the departure of its long-time Chief Executive Officer (CEO) Longgen Zhang with immediate effect, and revealed company Director Xiang Xu as his replacement. Zhang has also stepped down as a director on the company board.
Daqo’s Production Capacity Expands
Chinese Polysilicon Manufacturer Scales Up Manufacturing Capacity To 205,000 MT
Friday, 16 Jun 2023
The world’s leading polysilicon manufacturer from China, Daqo New Energy has reached an annual nameplate production capacity of 205,000 MT after its 100,000 MT phase 5A facility in Inner Mongolia’s Baotou city reached full production capacity.
Daqo New Energy Gets Mixed Bag In Q1/2023
Daqo’s Q1 Revenues Slip With Decrease In Quarterly ASPs; Expects Growing Demand To Improve Prices
Friday, 28 Apr 2023
Leading polysilicon producer from China, Daqo New Energy saw its Q1/2023 revenues decline by over 17% QoQ and more than 44% YoY to $709.8 million as polysilicon ASPs dropped from $37.41/kg in the previous quarter to $27.83/kg as more polysilicon capa.
China PV News Snippets
Daqo Fires Up 100,000 MT High Purity Polysilicon Capacity In Inner Mongolia & More From Astronergy, Yuze, Shuangliang, Drinda
Monday, 20 Mar 2023
Daqo brings online 100,000 MT polysilicon capacity in Inner Mongolia; Astronergy adopts Boron-LDSE in TOPCon cells; Phase I of Yuze’s 30 GW silicon rod & 30 GW wafer project online; Shuangliang constructing phase III of 50 GW project; Drinda releases 2022 financial results.
Daqo New Energy’s 2022 Revenues Shot Up 175% YoY
50% Annual Increase In Average Polysilicon Prices Increased Daqo’s 2022 Net Income By 148.4%; Forecasts To Produce Up To 46% More In 2023
Thursday, 02 Mar 2023
One of the world’s leading polysilicon suppliers, Daqo New Energy sailed on the soaring demand for polysilicon whose price shot up by as much as 50% YoY in 2022 helping the Chinese company report 175% annual growth in revenues to $4.61 billion and .
China PV News Snippets
TaiyangNews Solar Module Innovations Conference Tomorrow & More From Trina, Yunnan Qujing Runyang, Daqo, GCL Optoelectronics
Tuesday, 31 Jan 2023
TaiyangNews Solar Module Innovations Conference to be held tomorrow from 09.30 to 13.30 CET; Trina facility put into production; Yunnan Qujing Runyang 13 GW n-type facility begins construction; Shuangliang Eco-Energy wins bid from Daqo; GCL Optoelect.
China PV News Snippets
JA Solar At TaiyangNews Reliable PV Module Design Conference & More From LONGi, Wanhua Chemical, Daqo
Friday, 09 Dec 2022
Watch out for JA Solar at TaiyangNews Conference; LONGi to invest RMB 3 billion in module facility; Wanhua Chemical joins hands with China Energy and Trina Solar; Daqo New Energy polysilicon facility 2nd phase begins construction; JinkoSolar’s Tiger modules used in Datang Huayin’s PV project.
China PV News Snippets
MIIT Says China Produced 12.725 Million Ton PV Rolled Glass In 10M/2022 & More From Daqo New Energy, Flat Glass
Tuesday, 22 Nov 2022
Chinese PV rolled glass output in 10M/2022 improved 54.8% YoY, says MIIT; Daqo subsidiary signs long-term contract for 148,800 ton polysilicon supply; Flat Glass constructing fab for 1.5 million ton annual output.
China PV News Snippets
Carbon Footprint Certificate For Trina Vertex Modules & More From Suzhou Good-Ark, Daqo New Energy, DMEGC
Wednesday, 09 Nov 2022
Trina Solar Vertex modules awarded Carbon Footprint Certificate; Suzhou Good-Ark silver paste shipments increase rapidly; Daqo New Energy to sell 137,000 tons of polysilicon; DMEGC to expand European market share.
China PV News Snippets
Hefei Sineva Delivers Inline Perovskite Vacuum Coating Machine & More From Daqo, OJing, Jiangsu Runergy
Saturday, 05 Nov 2022
Hefei Sineva delivers Perovskite production equipment; Daqo to sell RMB 14.6 billion worth monocrystalline materials; OJing repors RMB 939 million revenue in Q3/2022; cell maker Runergy to raise RMB 4 billion for expansion.
Daqo New Energy Reports Strong Quarter In Q3/2022
Daqo Sold 33,126 MT Polysilicon At 14% Higher ASP On QoQ Basis; Ups Annual Production Guidance
Tuesday, 01 Nov 2022
Chinese polysilicon supplier to the global solar PV industry Daqo New Energy reported a robust quarter in Q3/2022 with gross profit of $946.9 million as average selling price (ASP) for 33,126 metric ton (MT) polysilicon it sold rose to $36.44 per kg,.
Daqo New Energy’s Q2/2022 Financial Results
Citing Better-Than-Expected H1/2022 Performance, Daqo Increases 2022 Annual Guidance
Thursday, 04 Aug 2022
Leading Chinese polysilicon producer Daqo New Energy has increased its annual production volume guidance for 2022 after having achieved ‘better-than-expected’ operational performance in H1/2022 as its gross profit for Q2/2022 went up over 16% QoQ and over 200% YoY to $946.9 million.
China PV News Snippets
Daqo New Energy’s RMB 6 Billion Polysilicon Plans For Baotou & More From Guangdong, Jinergy, Fengfan, Huaneng
Thursday, 14 Jul 2022
Daqo to invest RMB 6 billion for silicon production in Baotou; Guangdong working on 300 MW agrivoltaic project; Jinergy’s 15.5 kg module; Fengfan to invest in Jingying; Huaneng’s solar for animal husbandry project.
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