DAQO New Energy
- Revenue$675.6 MFY, 2020
- Market Capitalization$3 B2022-05-13
OverviewSuggest Edit
DAQO New Energy is a company manufacturing polysilicon for the solar photovoltaic industry. It utilizes a closed-loop modified Siemens process to produce polysilicon. The company also provides mono-crystal and multi-crystal silicon wafers.
| Type | Public | |
| Founded | 2007 | |
| HQ | Shanghai, CN | Map |
| Website | dqsolar.com |
Recent NewsAll News
- Daqo New Energy Announces Unaudited First Quarter 2022 Results
- Daqo New Energy to Announce Unaudited Results for the First Quarter of 2022 on April 21, 2022
- Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2021
- Daqo New Energy to Announce Unaudited Results for the Fourth Quarter and Fiscal Year 2021 on February 28, 2022
Key People/Management at DAQO New Energy
Longgen Zhang
Chief Executive Office and Executive Director
Qiangming Zhou
Chief Operations Officer
Ming Yang
Chief Financial Officer
Shihua Su
Chief Marketing Officer
Xiyu Wang
Chief Technology Officer
Guangfu Xu
Chairman of the Board of Directors
DAQO New Energy Office Locations
DAQO New Energy has offices in Shanghai, Chongqing and Xinjiang
Shanghai, CN (HQ)
838 Zhangyang Rd, Pudong Xinqu
Chongqing, CN
666 Longdu Ave, Wanzhou Qu
Xinjiang, CN
No.16 WeiLiu Road, Chemical New Material Industry
DAQO New Energy Financials and Metrics
DAQO New Energy Revenue
DAQO New Energy's revenue was reported to be $675.6 m in FY, 2020
| USD | |
|---|---|
Revenue (Q2, 2021) | 441.4m |
Gross profit (Q2, 2021) | 323.1m |
Net income (Q2, 2021) | 242.9m |
EBITDA (Q2, 2021) | 311.7m |
EBIT (Q2, 2021) | 292.4m |
Market capitalization (13-May-2022) | 3.0b |
Closing stock price (13-May-2022) | 41.2 |
Cash (30-Jun-2021) | 227.1m |
EV | 3.0b |
DAQO New Energy's current market capitalization is $3 b.
- Source: SEC Filings
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 301.6m | 350.0m | 675.6m |
Cost of goods sold | (176.0m) | (222.5m) | (372.9m) |
Gross profit | 138.8m | 133.0m | 302.9m |
R&D expense | (2.7m) | (5.7m) | (6.9m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Revenue | 81.2m | 66.0m | 83.9m | 168.8m | 133.5m | 125.5m | 256.1m | 441.4m |
Cost of goods sold | (54.2m) | (44.7m) | (55.1m) | (95.2m) | (127.9m) | (80.3m) | (118.2m) | (118.8m) |
Gross profit | 27.1m | 21.6m | 29.0m | 73.6m | 5.6m | 45.3m | 138.3m | 323.1m |
R&D expense | (1.3m) | (1.5m) | (1.2m) | (1.7m) | (2.0m) | (1.7m) | (1.2m) | (2.1m) |
- Source: SEC Filings
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 65.4m | 51.8m | 76.6m |
Accounts Receivable | 1.2m | 13.0k | |
Prepaid Expenses | 8.3m | 13.3m | 9.6m |
Inventories | 15.5m | 36.4m | 49.2m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Cash | 65.1m | 31.3m | 27.0m | 63.2m | 88.2m | 70.2m | 167.0m | 227.1m |
Accounts Receivable | 2.2m | 86.0k | 129.0k | 213.0k | 65.0k | 42.0k | 18.0k | |
Prepaid Expenses | 12.6m | 22.5m | 32.0m | 22.2m | 20.2m | 14.2m | 5.5m | 5.6m |
Inventories | 18.9m | 19.9m | 21.0m | 33.2m | 26.8m | 53.6m | 34.1m | 33.8m |
- Source: SEC Filings
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | 38.8m | 29.5m | 133.8m |
Depreciation and Amortization | 27.5m | 47.4m | 68.7m |
Inventories | (641.0k) | (21.6m) | (5.1m) |
Accounts Payable | (9.4m) | 3.7m | 4.6m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 6.6m | 4.5m | 9.4m | 33.2m | 35.6m | 57.5m | 87.2m | 330.1m |
Depreciation and Amortization | 8.7m | 21.4m | 32.1m | 17.1m | ||||
Inventories | (3.0m) | (4.5m) | (6.7m) | 1.7m | ||||
Accounts Payable | 499.0k | 1.9m | 11.7m | 5.3m |
- Source: SEC Filings
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 198.7k |
DAQO New Energy Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Chongqing Daqo New Energy Co., Ltd. | ||
| Daqo New Energy (Hong Kong) Co., Limited | ||
| Xinjiang Daqo Guodi Silicon Material Technology Co.,Ltd. | ||
| Xinjiang Daqo Investment Co., Ltd. | ||
| Xinjiang Daqo Lvchuang Environmental Technology Co.,Ltd. | ||
| Xinjiang Daqo New Energy Co., Ltd. |
DAQO New Energy Revenue Breakdown
DAQO New Energy revenue breakdown by business segment: 100.0% from POLYSILICON
DAQO New Energy Cybersecurity Score
DAQO New Energy Environment, Social & Governance (ESG) Ratings
DAQO New Energy Online and Social Media Presence
DAQO New Energy's Trends
DAQO New Energy News and Updates
April 21, 2022
Daqo New Energy Announces Unaudited First Quarter 2022 Results
SHANGHAI, April 21, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2022. First...
April 12, 2022
Daqo New Energy to Announce Unaudited Results for the First Quarter of 2022 on April 21, 2022
SHANGHAI, April 12, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the first quarter of...
March 30, 2022
Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2021
SHANGHAI, March 30, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it filed its annual report on Form 20-F for the fiscal year ended...
February 18, 2022
Daqo New Energy to Announce Unaudited Results for the Fourth Quarter and Fiscal Year 2021 on February 28, 2022
SHANGHAI, Feb. 18, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the fourth quarter and...
January 24, 2022
Daqo New Energy's subsidiary Xinjiang Daqo announces proposed private offering of RMB11 Billion in ordinary shares for its 100,000 MT polysilicon expansion project in China
Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary, Xinjiang Daqo New Energy ("Xinjiang Daqo"), intends to offer ordinary shares, subject to market condit…
December 28, 2021
Daqo New Energy Corp - ADR Shares Approach 52-Week Low - Market Mover
Daqo New Energy Corp - ADR (DQ) shares closed today at 1.3% above its 52 week low of $37.09, giving the company a market cap of $2B. The stock is currently down 34.5% year-to-date, down 31.4% over the past 12 months, and up 844.5% over the past five years. This week, the Dow Jones Industrial Average…
DAQO New Energy Frequently Asked Questions
When was DAQO New Energy founded?
DAQO New Energy was founded in 2007.
Who are DAQO New Energy key executives?
DAQO New Energy's key executives are Longgen Zhang, Qiangming Zhou and Ming Yang.
How many employees does DAQO New Energy have?
DAQO New Energy has 1,896 employees.
What is DAQO New Energy revenue?
Latest DAQO New Energy annual revenue is $675.6 m.
What is DAQO New Energy revenue per employee?
Latest DAQO New Energy revenue per employee is $356.3 k.
Who are DAQO New Energy competitors?
Competitors of DAQO New Energy include Yunnan Germanium Industry, GCL New Energy Holdings and Inner Mongolia Shenzhou Silicon Industry.
Where is DAQO New Energy headquarters?
DAQO New Energy headquarters is located at 838 Zhangyang Rd, Pudong Xinqu, Shanghai.
Where are DAQO New Energy offices?
DAQO New Energy has offices in Shanghai, Chongqing and Xinjiang.
How many offices does DAQO New Energy have?
DAQO New Energy has 3 offices.
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