daqo

Subsidiaries of polysilicon producer Daqo New Energy have signed a five-year polysilicon supply agreement with solar wafer manufacturer Shuangliang Silicon Materials.

A subsidiary of Daqo New Energy is forecasting net profit during H1 2022 to be more than four times higher than the same period last year.

Polysilicon producer Daqo New Energy has launched a US$120 million share buyback scheme after seeing its cash reserves swell.

Polysilicon producer Daqo New Energy has received approval from the Shanghai Stock Exchange for a private offering on China’s A-share market to support its capacity expansion.

Daqo New Energy recorded a guidance-beating performance in the opening quarter of 2022, cashing in on excess inventory, lower production costs and higher than anticipated average selling prices (ASPs).

Daqo New Energy recorded a dent to its quarterly revenues and margin in Q4 2021 after production costs spiralled and sales fell against a slide in demand.

Polysilicon producer Daqo New Energy’s has signed a long-term supply agreement for high-purity mono-grade polysilicon for a total amount of 30,000MT between 2022 and end of 2026, essentially selling out its inventory for this year.

Polysilicon producer Daqo New Energy is expecting a five-fold increase in net profit from its Xinjiang subsidiary as it continues to progress expansion plans.

Daqo New Energy has begun pilot production at its new 35,000MT Phase 4B polysilicon production facility, which has been completed ahead of schedule.

Polysilicon producer Daqo New Energy posted record company profits in Q3 2021 as the company rode a wave of polysilicon price hikes, but warned of a challenging environment for future capacity expansions.