DAQO New Energy

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.
TypePublic
Founded2007
HQShanghai, CN
Websitedqsolar.com

Latest Updates

Employees (est.) (Dec 2020)1,896
Revenue (FY, 2020)$675.6 M(+94%)
Share Price (May 2022)$41.2(+7%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at DAQO New Energy

Longgen Zhang

Longgen Zhang

Chief Executive Office and Executive Director
Qiangming Zhou

Qiangming Zhou

Chief Operations Officer
Ming Yang

Ming Yang

Chief Financial Officer
Shihua Su

Shihua Su

Chief Marketing Officer
Xiyu Wang

Xiyu Wang

Chief Technology Officer
Guangfu Xu

Guangfu Xu

Chairman of the Board of Directors
Show more

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
Show all (3)

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.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

301.6m350.0m675.6m

Cost of goods sold

(176.0m)(222.5m)(372.9m)

Gross profit

138.8m133.0m302.9m

R&D expense

(2.7m)(5.7m)(6.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

81.2m66.0m83.9m168.8m133.5m125.5m256.1m441.4m

Cost of goods sold

(54.2m)(44.7m)(55.1m)(95.2m)(127.9m)(80.3m)(118.2m)(118.8m)

Gross profit

27.1m21.6m29.0m73.6m5.6m45.3m138.3m323.1m

R&D expense

(1.3m)(1.5m)(1.2m)(1.7m)(2.0m)(1.7m)(1.2m)(2.1m)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

65.4m51.8m76.6m

Accounts Receivable

1.2m13.0k

Prepaid Expenses

8.3m13.3m9.6m

Inventories

15.5m36.4m49.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

65.1m31.3m27.0m63.2m88.2m70.2m167.0m227.1m

Accounts Receivable

2.2m86.0k129.0k213.0k65.0k42.0k18.0k

Prepaid Expenses

12.6m22.5m32.0m22.2m20.2m14.2m5.5m5.6m

Inventories

18.9m19.9m21.0m33.2m26.8m53.6m34.1m33.8m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

38.8m29.5m133.8m

Depreciation and Amortization

27.5m47.4m68.7m

Inventories

(641.0k)(21.6m)(5.1m)

Accounts Payable

(9.4m)3.7m4.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

6.6m4.5m9.4m33.2m35.6m57.5m87.2m330.1m

Depreciation and Amortization

8.7m21.4m32.1m17.1m

Inventories

(3.0m)(4.5m)(6.7m)1.7m

Accounts Payable

499.0k1.9m11.7m5.3m
USDFY, 2018

Revenue/Employee

198.7k
Show all financial metrics

DAQO New Energy Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016

Patents Issued

253954

Patents Pending

152531

Polysilicon Sales Volume (MT)

1.41 k1.39 k1.53 k5.97 k1.5 k1.36 k2.28 k8.23 k2.91 k2.93 k2.84 k10.88 k

Projects Completed

292520

DAQO New Energy Acquisitions / Subsidiaries

Company NameDateDeal 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

Embed Graph

DAQO New Energy revenue breakdown by business segment: 100.0% from POLYSILICON

DAQO New Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

DAQO New Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

DAQO New Energy Online and Social Media Presence

Embed Graph

DAQO New Energy News and Updates

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...

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...

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...

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...

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…

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…
Show more

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.