Daqo New Energy Corp
DQ
ISIN US23703Q2030 / Valor 20260854
Daqo New Energy Corp
UMushroom community rating:
About company
Daqo New Energy Corp. (NYSE: DQ), established in 2007, is a prominent player in the solar photovoltaic (PV) industry, specializing in the production of high-purity polysilicon. This key material is essential for the manufacture of solar PV products, including ingots, wafers, cells, and modules, which are integral components of solar power solutions. With a total nameplate capacity of 205,000 metric tons, Daqo New Energy positions itself as one of the world's most efficient and lowest-cost producers of high-purity polysilicon. The company serves a global market, providing its high-quality polysilicon to photovoltaic product manufacturers around the world, thereby playing a crucial role in the supply chain of the renewable energy sector.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (07.08.2024):
Revenue
Daqo New Energy Corp. reported revenue of $709.8 million for the first quarter of 2023, a decrease from $864.3 million in the fourth quarter of 2022. This decline reflects the impact of lower polysilicon average selling prices during the quarter.
Gross Profit
The company's gross profit for Q1 2023 was $506.7 million, down from $668.9 million in Q4 2022. Despite the decrease, Daqo New Energy Corp. maintained a strong gross margin of 71.4% in the first quarter of 2023.
Net Income
Net income attributable to Daqo New Energy Corp. shareholders was $278.8 million in Q1 2023, compared to $332.7 million in Q4 2022. The decrease in net income is primarily due to the lower revenue and gross profit during the quarter.
Earnings Per ADS
Earnings per basic American Depositary Share (ADS) for the first quarter of 2023 were $3.56, down from $4.26 in the fourth quarter of 2022. Adjusted earnings per basic ADS (non-GAAP) were $3.96 in Q1 2023, compared to $4.65 in Q4 2022.
EBITDA
Daqo New Energy Corp. reported an EBITDA (non-GAAP) of $490.2 million for Q1 2023, a decrease from $648.5 million in Q4 2022. The EBITDA margin (non-GAAP) for the first quarter of 2023 was 69.1%, compared to 75.0% in the previous quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2374 M
Market cap (USD)
490,328
Daily traded volume (Shares)
19.8 / 18.68
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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