Daqo New Energy Corp.

NYSE•DQ

CEO: Mr. Xiang Xu

Sector: Technology

Industry: Semiconductors

Listing Date: 2010-10-07

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.

Contact Information

Huadu Mansion, 29th Floor 838 Zhangyang Road Pudong New District, Shanghai, 200122, China

86-21-5075-2918

www.dqsolar.com

Market Cap

$1.57B

P/E (TTM)

-9.3

34.8

Dividend Yield

52W High

$36.59

52W Low

$12.41

52W Range

46%

Rank29Top 17.8%

5.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$221.71M+0.00%

4-Quarter Trend

EPS

-$0.11+0.00%

4-Quarter Trend

FCF

$46.98M+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Polysilicon Capacity Reaches 305,000 MT Annual nameplate capacity increased to 305,000 MT by Q3 2024 following Phase 5B completion, showing aggressive expansion plans.

Production Cost Reduction Achieved Polysilicon production cost decreased to $6.44/kg in 2024, benefiting from efficiency gains and older line shutdowns.

High-Quality N-type Polysilicon Focus Over 99% of polysilicon sold to mono-wafer applications in 2024; N-type product reached 70% of total output.

Risk Factors

Polysilicon ASPs Plummeted Gross margin turned negative at -20.7% in 2024 due to ASP decrease to $5.66/kg amid market oversupply.

Operating Cash Flow Negative Net cash used in operating activities was $435.4M in 2024; cash reserves decreased by $2.01B year-over-year.

US-China Regulatory Listing Risk Continued uncertainty exists regarding HFCA Act compliance and potential NYSE delisting of ADSs.

Significant Contract Dispute Pending Retrial pending for a contract dispute where plaintiffs seek RMB 742.7M compensation; final verdict uncertain.

Outlook

Focus on Core Polysilicon Business Plan to continue focusing on polysilicon production, improving efficiency, cost structure, and product quality moving forward.

Share Repurchase Program Approved Board approved a $100M share repurchase program effective until June 30, 2025, dependent on market conditions.

Semiconductor Polysilicon Production Started 1,000 MT polysilicon project for the semiconductor industry commenced production in May 2024.

Peer Comparison

Revenue (TTM)

AMAT

$28.21B

+2.1%

LRCX

$20.56B

+26.8%

KLAC

$12.74B

+17.6%

Gross Margin (Latest Quarter)

CLVT

66.8%

-1.3pp

KLAC

61.4%

+1.1pp

TER

57.5%

-1.9pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
AMAT	$274.73B	35.0	38.9%	19.1%
LRCX	$273.98B	44.5	62.6%	21.0%
KLAC	$188.97B	41.5	95.2%	37.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

21.4%

Strong Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:Apr 27, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data