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
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
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
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
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
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
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
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
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
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
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
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.
World’s Top 3 Largest Polysilicon Makers Are Chinese
Bernreuter Research Says High Time For West To Establish Non-Chinese Solar Supply Chains
The latest ranking of the world’s top 10 producers of polysilicon by Bernreuter Research sees 3 Chinese manufacturers—Tongwei, GCL Technology and Daqo New Energy—hogging the top spot while the sole European producer on the list, Wacker Chemie dropped down to the 4th spot.
Daqo’s Revenues & Gross Profit Up In Q1/2022
Daqo New Energy Improved Q1/2022 Revenues Over 3 Times QoQ To $1.28 Billion
The average selling price (ASP) of polysilicon during Q1/2022 for Daqo New Energy dropped to $32.76 per kg compared to $33.91 per kg in the previous quarter, but it did not dampen the Chinese company’s prospects as it increased its revenues for the quarter over 3 times on QoQ basis.
Daqo Fears Delisting From US Stock Exchange
Chinese Polysilicon Producer Daqo New Energy May Be Delisted From NYSE By Early 2024
Polysilicon producer from China, Daqo New Energy is one of the companies picked by the US Securities and Exchange Commission (SEC) under the US Holding Foreign Companies Accountable Act (HFCAA), which may lead to it being delisted from the US stock exchange by early 2024.
Daqo New Energy’s 2021 Financial Results
Chinese Polysilicon Maker’s 2021 Net Income Improved 485.3% YoY; Exceeded Production Guidance
Polysilicon producer Daqo New Energy delivered a strong financial year in 2021 with the Chinese company reporting a 485.3% annual increase in net income at $756.2 million thanks to high solar energy demand and higher polysilicon prices, as per its unaudited financial results.
China PV News Snippets
Suntech TOPCon factory put into production; Daqo; Shanghai Tianyang; Chint; Shenzhen Bauing
While Suntech’s 2 GW TOPCon high-efficiency cell smart factory is put into production, Daqo New Energy raises RMB 11 billion for silicon project, Shanghai Tianyang issue shares privately, Zhejiang Chint transfers 311.41 MW household PV, and Shenzhen Bauing signs 3-years deal with EGing PV.
2021 Profit Alert For Daqo New Energy
Xinjiang Daqo New Energy Expects Over 400% Annual Increase In 2021 Net Profit
Chinese polysilicon producer Daqo New Energy expects to report a net profit of between RMB 5.6 billion to RMB 5.8 billion ($885 million to $917 million) in 2021, reflecting an annual increase of 437% to 456%, attributing it to high prices for polysil.
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