Daqo New Energy Expects To Raise RMB 6.45 Billion With IPO

Chinese Polysilicon Maker Daqo New Energy Expects To Raise RMB 6.45 Billion With Subsidiary’s IPO On Shanghai Stock Exchange’s STAR Market; Abu Dhabi Investment Authority Among Cornerstone Investors

Daqo New Energy of China has finally announced the share pricing of its principal operating subsidiary Xinjiang Daqo New Energy that it plans to list on Shanghai Stock Exchanges’ (SSE) Sci-Tech Innovation Board, also called STAR Market.

Daqo Releases 2020 Revenue & Net Profit Guidance

Xinjiang Daqo New Energy Expects Net Profit Of RMB 0.95 Billion To RMB 1.05 Billion For 2020; Company Offers Revised Guidance For Polysilicon Production & Sales For Q4/2020 & 2020

Chinese polysilicon supplier Daqo New Energy expects full year 2020 revenues to fall into the range of RMB 4.5 billion to RMB 4.7 billion ($696 million to $727 million) while its net profit expectation is within RMB 0.95 billion to RMB 1.05 billion ($147 million to $162 million).

Long Term Raw Material Supply Deals For JA Solar

JA Solar Goes In For Long Term Strategic Procurement Agreements For Monocrystalline Silicon Wafers, Polysilicon & Solar PV Glass To Support Production Capacity Expansion Plans

Solar cell and module producer from China, JA Solar exited 2020 and entered 2021 with some long term raw material supply deals in keeping with its capacity expansion announcements over the past year (see JA Solar To Build 6 GW Solar Module Line In China).

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