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.
Daqo New Energy Reports ‘Excellent’ Quarter In Q2/2021
Higher ASP & Tight Supply Leads Chinese Polysilicon Supplier Daqo New Energy’s Q2/2021 Revenues To Jump Up Over 230%; Management Sees Constrained Supply To Continue In 2022, But Demand To Grow
In a tight supply environment for polysilicon Daqo New Energy sold its products for ASP of $20.81 per kg in Q2, the highest it has experienced since Q1/2017.
Daqo New Energy’s China IPO Raises RMB 6.54 Billion
Daqo New Energy’s Principal Subsidiary Raises RMB 6.45 Billion In Chinese IPO; Starts Trading On Shanghai Stock Exchange’s STAR Market
Xinjiang Daqo New Energy, the principal operating subsidiary of Chinese polysilicon major Daqo New Energy, has successfully listed itself on the Shanghai Stock Exchange’s (SSE) Sci-Tech Innovation Board, dubbed STAR Market.
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).
