Energy in New Zealand

Daqo New Energy's Subsidiary Xinjiang Daqo Provides Preliminary Estimates of Net Profit for 2022

Retrieved on: 
Thursday, January 19, 2023
GAAP, Daqo New Energy, Energy in New Zealand, Shanghai Stock Exchange, RMB, NYSE, Bank, PRC

Xinjiang Daqo estimates that under PRC GAAP its net profit attributable to Xinjiang Daqo's shareholders in 2022 would be in the range of RMB19.0~19.2 billion, representing a 231.9%~235.4% increase as compared to net profit attributable to Xinjiang Daqo's shareholders of RMB5.7 billion in 2021.

Key Points: 
  • Xinjiang Daqo estimates that under PRC GAAP its net profit attributable to Xinjiang Daqo's shareholders in 2022 would be in the range of RMB19.0~19.2 billion, representing a 231.9%~235.4% increase as compared to net profit attributable to Xinjiang Daqo's shareholders of RMB5.7 billion in 2021.
  • Xinjiang Daqo's unaudited net profit attributable to its shareholders in the three quarters ended September 30, 2022 was RMB15.1 billion.
  • Daqo New Energy currently beneficially owns 72.7% of Xinjiang Daqo's equity interest, and a majority of the Company's revenue and net income are contributed by Xinjiang Daqo.
  • In addition, the estimated net profit is not necessarily indicative of the results to be achieved by Xinjiang Daqo in any future period.

Daqo New Energy Announces its Phase 5B Polysilicon Expansion Project in Inner Mongolia to Increase Production Capacity to 305,000 MT by Year End 2023

Retrieved on: 
Tuesday, December 6, 2022
NYSE, Public expenditure, Daqo New Energy, Silicon, Energy in New Zealand, Cell, DAQO, Renewable energy, Iron ore

The Phase 5A project with nameplate capacity of 100,000 MT in Inner Mongolia, currently under construction, is expected to be completed in Q2 2023.

Key Points: 
  • The Phase 5A project with nameplate capacity of 100,000 MT in Inner Mongolia, currently under construction, is expected to be completed in Q2 2023.
  • The newly announced Phase 5B project will add another 100,000 MT capacity and increase the Company's total annual production capacity to 305,000 MT by the end of 2023.
  • Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, "We are very excited to announce the Phase 5B project in Inner Mongolia, which is expected to increase our total annual production capacity to 305,000 MT by the end of 2023.
  • Upon the completion of the Phase 5B, our Inner Mongolia manufacturing base will contribute approximately two-thirds of our polysilicon capacity.

Daqo New Energy's Subsidiaries Announce Two High-Purity Polysilicon Supply Agreements with LONGi and another Solar Manufacturing Company in China

Retrieved on: 
Wednesday, November 30, 2022
COVID-19, Sustainable energy, Cell, Daqo New Energy, LONGi, LONGi Green Energy Technology, NYSE, Energy in New Zealand, Renewable energy, Iron ore

SHANGHAI, Nov. 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 its subsidiaries had signed two long-term high-purity polysilicon supply agreements with LONGi Green Energy (including its subsidiaries) ("LONGi") and another solar manufacturing company in China, respectively.

Key Points: 
  • SHANGHAI, Nov. 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 its subsidiaries had signed two long-term high-purity polysilicon supply agreements with LONGi Green Energy (including its subsidiaries) ("LONGi") and another solar manufacturing company in China, respectively.
  • Under the supply agreement with LONGi, Daqo New Energy's subsidiary Inner Mongilia Daqo will provide LONGi with a total amount of 251,280 MT high-purity mono-grade polysilicon from May 2023 to December 2027.
  • Under the supply agreement with another solar manufacturing company, Xinjiang Daqo and Inner Mongolia Daqo will provide it with 27,600 MT high-purity mono-grade polysilicon from January 2023 to December 2027.
  • Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.

Daqo New Energy's Subsidiary Announce Five-Year High-Purity Polysilicon Supply Agreement with a leading Solar Manufacturing Company in China

Retrieved on: 
Monday, November 21, 2022
N, NYSE, Cell, Energy in New Zealand, Daqo New Energy, COVID-19, Renewable energy

SHANGHAI, Nov. 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 that its subsidiary Xinjiang Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.

Key Points: 
  • SHANGHAI, Nov. 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 that its subsidiary Xinjiang Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
  • Under the supply agreement, Xinjiang Daqo will provide this leading manufacturing company with a total amount of 148,800 MT high-purity mono-grade polysilicon from January 2023 to December 2027.
  • Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.
  • The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world's lowest-cost producers of high-purity polysilicon.

Daqo New Energy's Subsidiaries Announce Five-Year High-Purity Polysilicon Supply Agreement with a leading Solar Manufacturing Company in China

Retrieved on: 
Monday, November 7, 2022
Leadership, Company, Energy in New Zealand, Daqo New Energy, NYSE, Cell, Private Securities Litigation Reform Act, U.S. Securities and Exchange Commission, Terminology, Forward-looking statement, COVID-19, Renewable energy

SHANGHAI, Nov. 7, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.

Key Points: 
  • SHANGHAI, Nov. 7, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
  • Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company with a total amount of 137,000 MT high-purity mono-grade polysilicon from November 2022 to December 2027.
  • Mr. Longgen Zhang, chief executive officer of Daqo New Energy, commented, "We are very pleased to sign this long-term contract with a leading solar manufacturing company in China.
  • Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.

Daqo New Energy Announces $700 Million Share Repurchase Program

Retrieved on: 
Monday, November 7, 2022
Company, Daqo New Energy, ADSS, Energy in New Zealand, Cell, NYSE, Private Securities Litigation Reform Act, Terminology, COVID-19, U.S. Securities and Exchange Commission, Forward-looking statement, Share repurchase, Security (finance), Renewable energy

SHANGHAI, Nov. 7, 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 its board of directors has approved a US$700 million share repurchase program, effective from November 7, 2022 to December 31, 2023.

Key Points: 
  • SHANGHAI, Nov. 7, 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 its board of directors has approved a US$700 million share repurchase program, effective from November 7, 2022 to December 31, 2023.
  • The repurchase program does not obligate Daqo New Energy to acquire any particular number of ordinary shares or ADSs at any specific time.
  • The board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size accordingly.
  • About Daqo New Energy Corp.
    Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.

Daqo New Energy's Subsidiaries Announce Five-Year High-Purity Polysilicon Supply Agreement with a leading Solar Manufacturing Company in China

Retrieved on: 
Thursday, November 3, 2022
NYSE, Company, U.S. Securities and Exchange Commission, Cell, Forward-looking statement, Daqo New Energy, Private Securities Litigation Reform Act, Terminology, COVID-19, Development, Energy in New Zealand, Renewable energy

SHANGHAI, Nov. 3, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.

Key Points: 
  • SHANGHAI, Nov. 3, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
  • Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company with a total amount of 57,600 MT high-purity mono-grade polysilicon from October 2022 to December 2027.
  • Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.
  • The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world's lowest-cost producers of high-purity polysilicon.

Daqo New Energy Corp. to Hold Annual General Meeting on December 9, 2022

Retrieved on: 
Friday, October 28, 2022
People, Daqo New Energy, AGM, Company, NYSE, Republic, Energy in New Zealand, Cayman, Annual report, ADSS, BYD Company, Renewable energy, Security (finance)

SHANGHAI, Oct. 28, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the"Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the "AGM") at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No.

Key Points: 
  • SHANGHAI, Oct. 28, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the"Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the "AGM") at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No.
  • 838, Zhangyang Road, Pudong District, Shanghai 200122, People's Republic of China on December 9, 2022 at 10 A.M. (Beijing time).
  • Holders of record of the Company's ordinary shares at the close of business in the Cayman Islands on November 8, 2022 will be entitled to attend the AGM and any adjournment or postponement thereof in person.
  • Holders of the Company's ordinary shares or ADSs may obtain a hard copy of the Company's annual report on Form 20-F from its website at http://www.dqsolar.com , by emailing the Company's Investor Relations Department at [email protected] , or by writing to:

Daqo New Energy Announces Unaudited Financial Results for the Third Quarter of 2022

Retrieved on: 
Thursday, October 27, 2022
American depositary receipt, Daqo New Energy, R, ADR, US GAAP, ASP, Table, Climate change, Depreciation, RMB, Technology, URL, Investment, Company, Income, EBITDA, VAT, Mission statement, Research, CEO, Generally Accepted Accounting Principles (United States), Energy in New Zealand, MT, GAAP, ADR Institute of Alberta, Forecasting, Public expenditure, RSU F.C., Maintenance, Carbon, Tax, ASPS, Share repurchase, ADS, Harbor, Bank, Security (finance), Renewable energy, Video game, Online gambling, Lithium, Holding company, Cryptocurrency, Internet service provider, Webcast

Mr. Longgen Zhang, CEO of Daqo New Energy, commented, "We are pleased to announce that the Company continued to deliver an excellent performance in the third quarter of 2022.

Key Points: 
  • Mr. Longgen Zhang, CEO of Daqo New Energy, commented, "We are pleased to announce that the Company continued to deliver an excellent performance in the third quarter of 2022.
  • Gross margin was 80.2%, compared to 76.1% in the second quarter of 2022 and 74.3% in the third quarter of 2021.
  • Operating margin was 56.8%, compared to 74.6% in the second quarter of 2022 and 72.0% in the third quarter of 2021.
  • The Company has scheduled a conference call to discuss the results at 8:00 AM Eastern Time on October 27, 2022.

Daqo New Energy's Subsidiaries Announce Six-Year High-Purity Polysilicon Supply Agreement with a leading Solar Manufacturing Company in China

Retrieved on: 
Tuesday, October 25, 2022
Energy in New Zealand, NYSE, U.S. Securities and Exchange Commission, Company, Forward-looking statement, Terminology, Cell, COVID-19, Daqo New Energy, Private Securities Litigation Reform Act, Renewable energy

SHANGHAI, Oct. 25, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a six-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.

Key Points: 
  • SHANGHAI, Oct. 25, 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 its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a six-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
  • Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company with a total amount of 432,000 MT high-purity mono-grade polysilicon from January 1, 2023 to December 31, 2028.
  • We expect that high-efficiency solar modules based on N-type technology will increase the market share very rapidly starting from next year.
  • Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry.