Daqo New Energy Corp - Company Profile
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Daqo New Energy Corp (Daqo) is a manufacturer of Polycrystalline silicon for the solar photovoltaic industry. The company uses the chemical vapor deposition process or modified Siemens process to produce polysilicon. It also produces and sells high-quality polysilicon principally to companies that make solar products. Additionally, the company produces and markets photovoltaic wafers. Under the framework contracts, Daqo sells products to photovoltaic product manufacturers in China for solar-grade polysilicon, mono-and multi- crystalline Silicon wafer applications. Its customers include Longi, Jinko Solar, Meike Silicon Energy and Zhonghuan Semiconductor. The company has manufacturing facilities in Xinjiang and Chongqing. Daqo is headquartered in Sanghai, China.
Headquarters
China
Address
Room C, 29th Floor, Huadu Building, No.838, Zhangyang Road, Pudong, Shanghai, 200122
Website
www.dqsolar.com
Telephone
86 21 50752918
No of Employees
4,099
Industry
Alternative Energy
Ticker Symbol & Exchange
DQ (NYSE)
Revenue (2022)
$2.3B
-49.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-76.9%
(2022 vs 2021)
Market Cap*
$1.8B
Net Profit Margin (2022)
XYZ
-53.8%
(2022 vs 2021)
* As of and is in US$
Daqo New Energy Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Polysilicon |
| Wafers |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In April, the company ended the long-term high-purity polysilicon supply agreement with Trina Solar Co. |
| 2023 | Financing Agreements | In December, Xinjiang Daqo entered into an investment agreement to build a silicon-based new materials industrial park in Shihezi, China. |
| 2022 | Others | In December, the company announced that its Phase 5B polysilicon expansion project in Inner Mongolia. |
Competitor Comparison
| Key Parameters | Daqo New Energy Corp | GCL Technology Holdings Ltd | Xinte Energy Co Ltd | OCI Holdings Co Ltd | REC Silicon ASA |
|---|---|---|---|---|---|
| Headquarters | China | Hong Kong | China | South Korea | Norway |
| City | Shanghai | Hong Kong | Urumqi | Seoul | Lysaker |
| State/Province | Shanghai | - | Xinjiang | - | - |
| No. of Employees | 4,099 | 12,446 | 8,454 | 2,627 | 289 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Xiang Xu | Chairman; Chief Executive Officer | Executive Board | 2023 | - |
| Ming Yang | Chief Financial Officer | Senior Management | 2015 | 48 |
| Xiyu Wang | Chief Technology Officer | Senior Management | 2019 | 43 |
| Shihua Su | Chief Marketing Officer | Senior Management | 2015 | 47 |
| Qiangmin Zhou | Chief Operations Officer | Senior Management | 2019 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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