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.

US Government Ban On Xinjiang Produced Solar Products

Reuters: US Set To Blacklist Some Xinjiang Located Solar Manufacturers Citing Forced Labor Activities; Analysts Sense Trouble Brewing For US Solar Installations; China Says Will Take ‘All Necessary Measures’

A news report from Reuters cites 2 unidentified sources to claim that the US administration has ordered a ban on ‘imports of a key solar panel material’ from 5 Chinese companies producing it in Xinjiang, China.

Solid Q4/2020 Reported By China’s Daqo New Energy

Daqo New Energy Posts Strong Q4/2020, Exiting 2020 With $129.2 Million Net Income; Guides For Up To 81,000 MT Production In 2021; Expects Tight Polysilicon Supply Scenario To Continue In 2021

Chinese solar grade polysilicon producer Daqo New Energy reported a strong Q4/2020 selling 23,186 MT polysilicon as guided, growing from 13,291 MT a year back, while its production volume grew as well to 21,008 MT compared to 16,204 MT in Q4/2019 (se.

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).

US Polysilicon Makers Thank President Donald Trump

REC Silicon, Hemlock, Wacker Heave A Sigh Of Relief As China Agrees To Purchase US Made Polysilicon; All Eyes On China As It Gets Ready To Implement Agreement Reached With White House

The US and China trade deadlock has made some headway after the governments of the two countries signed Phase I of a bilateral agreement under which the Asian country has agreed to buy at least $200 billion more in goods and services from the US over.

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