Daqo New Energy

Daqo New Energy Corp. unveils USD 2.1bn investment plan in Xinjiang, China for a industrial park to produce silicon-based materials. The ambitious project includes two phases of development with a total of 300,000 tonnes of polysilicon and 2.2 million pieces of silicon seed rod.

All leading 4 suppliers are now located in China; they generated greater than 100,000 MT each in 2022. all leading 4 producers are currently situated in China; they produced greater than 100,000 MT each in 2022. The six biggest Chinese manufacturers alone have additional capacities of about 1.5 million MT in the pipe for 2023 as well as 2024.

China's Daqo New Energy Corp (NYSE: DQ) stated on Monday that of its subsidiaries has actually received a five-year agreement to provide high-purity polysilicon to a leading solar producer in the nation.

Subsidiaries Xinjiang Daqo as well as Inner Mongolia Daqo will certainly supply this leading production business with a total quantity of 432,000 MT high-purity mono-grade polysilicon. The supplies are scheduled for January 1, 2023 to December 31, 2028.

Primarily driven by a 28% decrease in its polysilicon production cost, Daqo New Energy recorded its best manufacturing volume and also profits in Q2 2022.

A subsidiary of polysilicon manufacturer Daqo New Energy is anticipating net profit throughout the first half of 2022 to be greater than four times greater than the same period last year.

Polysilicon producer Daqo New Energy has actually launched a US$ 120 million share buyback scheme after seeing its cash reserves swell.

Polysilicon producer Daqo New Energy has actually received authorization from the Shanghai Stock Exchange for an exclusive offering on China's A-share market to sustain its capability expansion.

Both GCL Technology as well as Daqo New Energy have leapfrogged Wacker Chemie in Bernreuter Research's annual polysilicon top 10 rankings, completing a China-based leading three.

Daqo New Energy recorded a guidance-beating efficiency in the opening quarter of 2022, capitalizing excess supply, lower manufacturing prices and greater than expected average selling prices (ASPs).

Daqo New Energy recorded a damage to its quarterly profits as well as margin in Q4 2021 after manufacturing costs spiralled as well as sales dropped against a slide popular.

Polysilicon producer Daqo New Energy's has actually signed a long-lasting supply contract for high-purity mono-grade polysilicon for an overall amount of 30,000 MT in between 2022 and end of 2026, basically selling out its stock for this year.

Polysilicon producer Daqo New Energy is expecting a five-fold rise in internet profit from its Xinjiang subsidiary as it remains to progress growth plans.

Daqo New Energy has actually supplied a RMB10 billion (US$ 1.6 billion) capital injection to a subsidiary which is to bear down future polysilicon production projects in Inner Mongolia.

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