Daqo's subsidiary Xinjiang Daqo Starts IPO Registration with China Securities Regulatory Commission and Provides Preliminary Estimates of Revenue and Net Profit for Q2 2021
The application documents of the IPO were submitted by the Shanghai Stock Exchange to the China Securities Regulatory Commission for registration on May 28.
- The application documents of the IPO were submitted by the Shanghai Stock Exchange to the China Securities Regulatory Commission for registration on May 28.
- The estimated net profit attributable to the shareholders of Xinjiang Daqo for the quarter ending June 30, 2021 would be in the range of RMB1.30~1.33 billion.
- Daqo New Energy currently owns 95.6% equity interest of Xinjiang Daqo and a majority of the Company's revenue and net income is contributed by Xinjiang Daqo.
- These preliminary revenue and net profit estimates should not be viewed as a substitute for full financial statements of Xinjiang Daqo prepared in accordance with PRC GAAP.