daqo new energy

We spoke to Johannes Bernreuter about what Daqo New Energy's remarkable 88% sales drop in Q1 2026 means for the polysilicon industry.

Daqo New Energy's Q1 2026 results include a dramatic 88.3% quarter-on-quarter decline in polysilicon sales.

Daqo New Energy cut its financial losses and its revenues in 2025 as China’s efforts to moderate its polysilicon industry began to take effect.

Chinese polysilicon producer Daqo New Energy recorded over RMB1 billion in losses in 2025, roughly halving its losses compared with 2024.

Chinese manufacturers account for nine of the world’s top ten polysilicon producers, led by Tongwei, GCL Technology and Daqo New Energy.

Chinese polysilicon producer Daqo New Energy saw an increase in sales and profits in Q3 2025, as the sector looks to address ongoing oversupply and financial losses.

Daqo New Energy has posted gross losses of US$81.4 million in Q2 2025, up from losses of US$81.5 million in Q1.

Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

Preliminary financial results from three Chinese manufacturers show a downward trend across the solar manufacturing industry over 2024.