Daqo New Energy Corp
(NYSE:DQ)

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. It offers ready-to-use polysilicon, and packaged to meet crucible stacking, pulling, and solidification products. The company was formerly...

Website: http://www.dqsolar.com

Founded: 2007

Full Time Employees: 1,892

Sector: Technology

Industry: Semiconductor Equipment & Materials

Technology Chinese Semiconductors

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Unit: USD	2025-10-27	2025-08-26	2025-04-29	2025-02-27	2024-12-31	2024-10-30	2024-08-26	2024-04-29	2024-02-28	2023-12-31	2023-10-30	2023-08-03	2023-04-27	2023-02-28	2022-12-31	2022-10-28	2022-08-03	2022-04-27	2022-03-01	2021-12-31	2021-11-02	2021-08-19	2021-05-18	2021-04-13	2020-12-31	2020-11-23	2020-08-18	2020-05-20	2020-03-11	2019-12-31	2019-11-13	2019-08-14	2019-05-21	2019-03-13	2018-12-31	2018-11-13	2018-08-07	2018-05-09	2018-03-01	2017-12-31	2017-11-14	2017-08-08	2017-05-12	2017-03-09	2016-12-31	2016-11-18	2016-08-10	2016-05-12	2016-03-28	2015-12-31	2015-11-19	2015-08-12	2015-05-11	2015-04-10	2014-12-31	2014-12-23	2014-11-14	2014-08-18	2014-05-12	2014-04-10	2013-12-31	2013-11-25	2013-09-12	2013-06-10	2013-04-02	2012-12-31	2012-11-30	2012-08-17	2012-05-21	2012-03-22	2011-12-31	2011-11-15	2011-08-17	2011-05-11	2011-03-08	2010-12-31	2010-11-17

revenues	244,601,000	75,189,000	123,914,000	195,359,000	208,430,250	198,496,000	219,914,000	415,311,000	477,133,000	457,849,250	484,839,000	636,724,000	709,834,000	864,251,000	936,024,500	1,219,689,000	1,244,086,000	1,280,323,000	395,547,000	320,811,250	585,782,000	441,368,000	256,095,000	247,725,000	106,969,500	125,529,000	133,518,000	168,831,000	118,918,000	118,919,000	83,909,000	65,959,000	81,204,000	75,603,000	75,603,000	67,390,000	66,953,000	103,274,000	103,675,000		89,366,000	76,002,000	83,808,000	46,116,000		54,289,000	71,021,000	57,676,000	59,277,000		46,562,000	34,331,000	41,870,000	49,472,000			47,291,000	43,722,000	42,087,000	37,039,000		29,636,000	27,840,000	14,485,000	6,193,000		21,117,000	30,559,000	34,045,000	38,235,000		59,564,000	70,721,000	87,311,000	81,892,000		63,212,000
cost of revenues	-234,949,000	-156,595,000	-205,449,000	-260,622,000	-245,347,500	-259,090,000	-379,074,000	-343,226,000	-389,937,000	-249,485,750	-417,025,000	-377,816,000	-203,102,000	-195,368,000	-251,265,000	-241,073,000	-297,220,000	-466,767,000	-155,719,000	-106,466,500	-150,583,000	-138,133,000	-137,151,000	-138,238,000	-75,843,250	-80,276,000	-110,820,000	-112,277,000	-83,800,000	-83,800,000	-65,834,000	-57,390,000	-62,863,000	-58,665,000	-58,665,000	-54,543,000	-39,783,000	-57,052,000	-56,782,000		-52,925,000	-51,757,000	-47,914,000	-31,941,000		-34,152,000	-41,640,000	-40,940,000	-42,362,000		-37,988,000	-30,740,000	-33,401,000	-36,911,000			-35,699,000	-33,634,000	-33,064,000	-36,081,000		-33,585,000	-38,062,000	-27,376,000	-17,245,000		-31,909,000	-36,504,000	-45,010,000	-49,433,000		-39,712,000	-37,765,000	-42,813,000	-36,119,000		-36,321,000
gross profit	9,652,000		-81,535,000	-65,263,000	-36,917,250	-60,594,000	-159,160,000	72,085,000	87,196,000	208,363,500	67,814,000	258,908,000	506,732,000	668,883,000	684,759,500	978,616,000	946,866,000	813,556,000	239,828,000	214,344,750	435,199,000	303,235,000	118,944,000	109,487,000	31,126,250	45,253,000	22,698,000	56,554,000	35,118,000	35,119,000	18,075,000	8,569,000	18,341,000	16,938,000	16,938,000	12,847,000	27,170,000	46,222,000	46,893,000		36,441,000	24,245,000	35,894,000	14,175,000		20,137,000	29,381,000	16,736,000	16,915,000		8,574,000	3,591,000	8,469,000	12,561,000			11,592,000	10,088,000	9,023,000	958,000				-12,891,000	-11,052,000		-10,792,000	-5,945,000	-10,965,000	-11,198,000		19,852,000	32,956,000	44,498,000	45,773,000		26,891,000
yoy	-126.14%		-48.77%	-190.54%	-142.34%	-129.08%	-334.70%	-72.16%	-82.79%	-68.85%	-90.10%	-73.54%	-46.48%	-17.78%	185.52%	356.56%	117.57%	168.29%	101.63%	95.77%	1298.17%	570.09%	424.03%	93.60%	-11.37%	28.86%	25.58%	559.98%	91.47%	107.34%	6.71%	-33.30%	-32.50%	-63.36%	-63.88%		-25.44%	90.65%	30.64%			20.40%	22.17%	-15.30%			242.68%	366.05%	99.73%				-26.94%	24.51%						-107.43%				116.84%	0.79%			-129.95%	-133.27%	-125.17%			22.55%
qoq			24.93%	76.78%	-39.07%	-61.93%	-320.79%	-17.33%	-58.15%	207.26%	-73.81%	-48.91%	-24.24%	-2.32%	-30.03%	3.35%	16.39%	239.22%	11.89%	-50.75%	43.52%	154.94%	8.64%	251.75%	-31.22%	99.37%	-59.86%	61.04%	-0.00%	94.30%	110.93%	-53.28%	8.28%	0.00%	31.84%	-52.72%	-41.22%	-1.43%			50.30%	-32.45%	153.22%			-31.46%	75.56%	-1.06%			138.76%	-57.60%	-32.58%				14.91%	11.80%	841.86%					16.64%			81.53%	-45.78%	-2.08%			-39.76%	-25.94%	-2.79%
operating expenses
selling, general and administrative expenses	-32,287,000	-32,121,000	-35,085,000	-29,402,000	-28,421,500	-37,727,000	-37,526,000	-38,433,000	-39,004,000	-43,559,500	-89,697,000	-43,257,000	-41,284,000	-43,979,000	-77,523,750	-280,182,000	-14,430,000	-15,483,000	-10,249,000	-7,413,500	-11,353,000	-9,267,000	-9,033,000	-11,236,000	-7,058,750	-9,223,000	-10,120,000	-8,892,000	-8,987,000	-5,980,000	-8,178,000	-7,806,000	-7,935,000	-8,240,000	-4,709,250	-7,567,000	-7,810,000	-4,806,000	-4,681,000		-4,410,000	-4,514,000	-4,060,000	-3,512,000		-4,858,000	-3,675,000	-4,059,000	-2,261,000		-2,943,000	-2,827,000	-4,574,000	-4,739,000			-2,508,000	-1,549,000	-1,498,000	-4,016,000		-3,792,000	-6,199,000	-4,126,000	-1,806,000		-5,137,000	-4,000,000	-2,674,000	-3,489,000		-4,326,000	-3,906,000	-3,838,000	-5,180,000		-2,677,000
research and development expenses	-559,000	-796,000	-507,000	-372,000	-1,046,750	-813,000	-1,836,000	-1,538,000	-3,250,000	-1,716,500	-2,758,000	-2,169,000	-1,938,000	-2,738,000	-1,825,750	-2,513,000	-2,711,000	-2,079,000	-1,269,000	-1,306,500	-1,927,000	-2,101,000	-1,197,000	-1,498,000	-1,339,500	-1,746,000	-1,958,000	-1,654,000	-1,206,000	-1,013,000	-1,228,000	-1,527,000	-1,297,000	-970,000	-441,750	-1,437,000	-209,000	-121,000	-51,000		-104,000	-279,000	-448,000	-2,775,000		-997,000	-148,000	-82,000	-516,000		-94,000	-203,000	-111,000	-156,000			-203,000	-192,000	-937,000	-1,148,000		-814,000	-993,000	-436,000	-2,793,000		-300,000	-426,000	-611,000	-300,000		-153,000	-165,000		-132,000		-318,000
other operating income	2,890,000	-664,000	3,074,000	-12,203,000	597,250	1,092,000	2,903,000	-1,605,000	38,349,000	11,947,250	47,112,000	385,000	292,000		-1,021,000	-2,879,000	-2,143,000			206,250	-203,000	549,000	479,000	1,226,000	-259,000	-954,000	133,000	-215,000	5,164,000	144,750	145,000	365,000	70,000	12,527,000	162,500	138,000	1,855,000	446,000	4,403,000		841,000	751,000	775,000	1,862,000		2,166,000	583,000	715,000	1,745,000		1,115,000	667,000	298,000	-53,000					36,000	134,000		3,567,000	887,000	832,000	2,516,000		569,000	3,534,000	2,152,000	3,631,000		1,765,000	3,758,000	2,959,000	811,000		131,000
total operating expenses	-29,956,000	-33,581,000	-32,518,000	-235,676,000	-28,871,000	-37,448,000	-36,459,000	-41,576,000	-3,905,000	-33,328,750	-45,343,000	-45,041,000	-42,930,000	-45,814,000	-80,370,500	-285,574,000	-19,284,000	-16,624,000	-11,735,000	-8,513,750	-13,483,000	-10,819,000	-9,751,000		-8,657,250	-11,923,000	-11,945,000	-10,761,000		-5,226,000	-9,261,000	-8,968,000			-4,988,500	-8,866,000	-6,164,000	-4,481,000	-3,317,000		-3,673,000	-4,042,000	-3,733,000	-4,624,000		-3,689,000	-3,240,000	-3,426,000	-2,655,000		-1,922,000	-2,363,000	-4,387,000	-4,948,000			-2,137,000	-1,745,000	-2,399,000	-5,030,000		-1,039,000	-164,730,000	-3,730,000	-44,837,000		-4,868,000	-892,000	-1,133,000	-38,670,000		-2,714,000	-313,000	-1,007,000	-4,501,000		-2,864,000
income from operations	-20,304,000	-114,987,000	-114,053,000	-300,939,000	-65,788,250	-98,042,000	-195,619,000	30,509,000	83,291,000	175,034,750	22,471,000	213,867,000	463,802,000	623,069,000	604,389,000	693,042,000	927,582,000	796,932,000	228,093,000	205,831,000	421,716,000	292,416,000	109,193,000	97,979,000	22,469,000	33,330,000	10,753,000	45,793,000	30,089,000	4,398,000	8,814,000	-399,000	9,179,000	20,255,000	15,305,500	3,981,000	21,006,000	41,741,000	43,576,000		32,768,000	20,203,000	32,161,000	9,551,000		16,448,000	26,141,000	13,310,000	14,260,000		6,652,000	1,228,000	4,082,000	7,613,000			9,455,000	8,343,000	6,624,000	-4,072,000		-4,988,000	-174,952,000	-16,621,000	-55,889,000		-15,660,000	-6,837,000	-12,098,000	-49,868,000		17,138,000	32,643,000	43,491,000	41,272,000		24,027,000
yoy	-69.14%	17.28%	-41.70%	-1086.39%	-178.99%	-156.01%	-970.54%	-85.73%	-82.04%	-71.91%	-96.28%	-69.14%	-50.00%	-21.82%	164.97%	236.70%	119.95%	172.53%	108.89%	110.08%	1776.88%	777.34%	915.47%	113.96%	-25.32%	657.84%	22.00%	-11576.94%	227.80%	-78.29%	-42.41%	-110.02%	-56.30%	-51.47%	-64.88%		-35.89%	106.61%	35.49%			22.83%	23.03%	-28.24%			292.98%	983.88%	249.34%				-56.83%	-8.75%				-267.26%	-103.79%	-75.50%			1017.19%	143.10%	361.97%			-139.89%	-137.06%	-214.66%			35.86%
qoq	-82.34%	0.82%	-62.10%	357.44%	-32.90%	-49.88%	-741.18%	-63.37%	-52.41%	678.94%	-89.49%	-53.89%	-25.56%	3.09%	-12.79%	-25.29%	16.39%	249.39%	10.82%	-51.19%	44.22%	167.80%	11.45%	336.06%	-32.59%	209.96%	-76.52%	52.19%	584.15%	-50.10%	-2309.02%	-104.35%	-54.68%	32.34%	284.46%	-81.05%	-49.68%	-4.21%			62.19%	-37.18%	236.73%			-37.08%	96.40%	-6.66%			441.69%	-69.92%	-46.38%				13.33%	25.95%	-262.67%			-97.15%	952.60%	-70.26%			129.05%	-43.49%	-75.74%			-47.50%	-24.94%	5.38%
interest income	2,944,000	1,593,000	2,670,000	6,761,000	5,650,750	1,604,000	8,730,000	12,270,000	13,772,000	9,632,250	13,832,000	12,751,000	11,947,000		610,750	7,589,000				747,250	1,913,000	793,000	282,000	187,000	179,750	200,000	368,000	151,000	208,000	193,750	193,000	258,000	324,000	441,000	198,750	276,000	380,000	156,000	185,000		117,000	111,000	75,000	17,000		123,000	171,000	96,000	258,000		51,000	132,000	53,000	25,000			164,000	15,000	120,000	49,000		30,000	46,000	25,000	197,000		213,000	290,000	335,000	198,000		924,000	450,000	326,000	248,000		136,000
foreign exchange gain	3,000	3,000	22,000	49,000	-606,750	-752,000			-796,000																				4,000	-47,250		-1,000		-102,000	484,500	1,937,000	-5,000	-6,000	-8,000		2,000	2,000	1,000	-4,000		-1,000	-3,000	1,000	-6,000		1,000	171,000	475,000				-78,000	24,000	-2,000	2,000			8,000	1,000	-55,000		-21,000	-1,000	8,000			-27,000	42,000	62,000
investments income	5,471,000	6,574,000	6,354,000	3,644,000											480,500	393,000
income before income taxes	-11,886,000	-106,817,000	-105,007,000	-290,485,000	-56,893,750	-88,937,000	-181,146,000	42,510,000	96,520,000	180,488,500	39,281,000	206,912,000	475,762,000	634,967,000	605,480,250	701,024,000	923,939,000	796,959,000	229,408,000	201,385,000	417,905,000	285,985,000	101,650,000	89,912,000	18,054,250	28,092,000	4,468,000	39,657,000	26,365,000	26,169,000	6,456,000	-2,031,000	7,293,000	18,703,000	18,705,000	4,068,000	17,978,000	37,837,000	39,697,000		28,569,000	15,028,000	27,893,000	5,465,000		13,494,000	22,822,000	9,502,000	10,252,000		3,642,000	-1,104,000	1,393,000	3,606,000			5,893,000	4,519,000	2,630,000	-8,220,000		-9,899,000	-179,829,000	-21,873,000	-59,320,000		-19,285,000	-10,642,000	-15,876,000	-52,369,000		15,258,000	30,942,000	41,796,000	39,006,000		20,970,000
income tax benefit	-2,958,000	8,172,000	12,274,000	48,973,000	5,233,500	12,007,000	23,283,000																							-913,000	-1,561,000			-1,563,000	-2,538,500	87,000															-559,000	178,000										-1,073,000	-139,000		-19,917,000		5,450,000	2,647,000	1,567,000	13,206,000
net income	-14,844,000	-98,645,000	-92,733,000	-241,512,000	-51,660,250	-76,930,000	-157,863,000	28,154,000	69,783,000	143,679,500	17,843,000	162,182,000	394,695,000	526,428,000	498,337,250	545,820,000	780,479,000	667,051,000	186,309,000	171,458,250	355,768,000	242,902,000	87,163,000	76,306,000	14,375,500	21,899,000	2,376,000	33,227,000	20,087,000	20,089,000	4,983,000	-2,189,000	6,642,000	11,447,000	11,449,000	-18,255,000	13,601,000	31,973,000	34,092,000		24,351,000	12,260,000	23,151,000	4,184,000		11,331,000	20,020,000	8,390,000	9,710,000		3,083,000	-926,000	1,178,000	3,606,000			5,893,000	4,519,000	2,630,000	-8,280,000		-10,972,000	-179,968,000	-21,873,000	-79,237,000		-14,095,000	-7,995,000	-14,309,000	-39,163,000		12,380,000	26,429,000	35,268,000	33,043,000		17,954,000
yoy	-71.27%	28.23%	-41.26%	-957.82%	-174.03%	-153.54%	-984.73%	-82.64%	-82.32%	-72.71%	-96.42%	-70.29%	-49.43%	-21.08%	167.48%	218.34%	119.38%	174.62%	113.75%	124.70%	2374.82%	1009.19%	3568.48%	129.65%	-28.43%	9.01%	-52.32%	-1617.91%	202.42%	75.50%	-56.48%	-88.01%	-51.17%	-64.20%	-66.42%		-44.15%	160.79%	47.26%			8.20%	15.64%	-50.13%			549.37%	-1006.05%	724.28%				-80.01%	-20.20%				-141.19%	-101.46%	-62.15%			1176.82%	173.58%	453.76%			-164.58%	-154.14%	-211.04%			47.20%
qoq	-84.95%	6.38%	-61.60%	367.50%	-32.85%	-51.27%	-660.71%	-59.65%	-51.43%	705.24%	-89.00%	-58.91%	-25.02%	5.64%	-8.70%	-30.07%	17.00%	258.03%	8.66%	-51.81%	46.47%	178.68%	14.23%	430.81%	-34.36%	821.68%	-92.85%	65.42%	-0.01%	303.15%	-327.64%	-132.96%	-41.98%	-0.02%	-162.72%	-234.22%	-57.46%	-6.22%			98.62%	-47.04%	453.32%			-43.40%	138.62%	-13.59%			-432.94%	-178.61%	-67.33%				30.40%	71.83%	-131.76%			-93.90%	722.79%	-72.40%			76.30%	-44.13%	-63.46%			-53.16%	-25.06%	6.73%
net income attributable to non-controlling interest	74,000		-20,896,000	-61,330,000	-10,402,000	-16,206,000	-38,083,000	12,681,000	24,837,000	49,626,250	24,155,000	58,459,000	115,891,000	153,538,000	126,570,500	222,411,000	152,662,000	131,208,000	37,738,000	19,546,250	63,439,000	10,802,000	3,944,000	3,480,000	283,000	1,142,000		-3,000	-1,000					66,000	66,000	41,000	195,000	339,000								135,000	176,000	65,000																						259,000
net loss attributable to daqo new energy corp. shareholders	-14,918,000	-76,478,000																																																										-8,014,000		-10,301,000	-33,967,000
loss per ads
basic	-220	-1,140
diluted	-220	-1,140
weighted-average ads outstanding
basic	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,704,356,000	69,862,986,000		74,038,122,000	76,762,451,000	78,298,405,000	78,052,481,000		75,588,043,000	75,119,100,000	74,710,994,000	74,377,874,000		74,045,141,000	73,714,734,000	73,338,969,000	72,147,808,000		71,281,184,000	14,109,241,000	13,991,847,000	13,837,250,000		13,634,401,000	13,492,010,000	13,360,729,000	13,237,220,000		13,122,403,000	12,630,578,000	10,853,166,000	10,680,120,000		10,570,485,000	10,529,730,000	10,519,425,000	10,508,261,000		10,478,671,000	10,457,105,000	10,434,199,000	10,447,744,000		10,508,161,000	10,506,506,000	9,793,703,000	8,943,114,000			8,938,320,000	7,948,103,000	6,937,114,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,142,821,000	34,155,245,000		100,000,000,000
diluted	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,720,945,000	69,905,271,000		74,152,055,000	77,031,850,000	78,839,166,000	78,898,049,000		76,656,286,000	76,756,442,000	76,631,999,000	76,717,325,000		76,681,604,000	76,688,538,000	76,744,468,000	76,065,033,000		76,626,371,000	14,682,134,000	14,669,820,000	14,274,977,000		14,219,008,000	13,936,671,000	13,749,959,000	13,455,067,000		13,444,935,000	13,364,509,000	11,341,860,000	11,170,576,000		10,874,914,000	10,678,845,000	10,691,911,000	10,642,404,000		10,642,235,000	10,596,753,000	10,552,339,000	10,570,777,000		10,630,996,000	10,506,506,000	9,946,986,000	9,143,039,000			9,137,667,000	7,970,887,000	7,060,443,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,304,624,000	34,674,637,000		129,714,103,000
gross loss		-81,406,000																																																												-3,949,000	-10,222,000
net loss attributable to non-controlling interest		-22,167,000																									-7,000
long-lived assets impairment				-175,627,000
allowance for expected credit loss				-18,072,000
net income attributable to daqo new energy corp. shareholders			-71,837,000	-180,182,000	-41,258,250	-60,724,000	-119,780,000	15,473,000		94,053,250	-6,312,000	103,723,000	278,804,000	372,890,000	371,766,750	323,409,000	627,817,000	535,843,000	148,571,000	151,912,000	292,329,000	232,100,000	83,219,000	72,826,000	14,092,500	20,757,000	2,383,000	33,230,000	20,088,000	2,358,750	4,983,000	-2,189,000	6,642,000	11,381,000	6,685,500	-18,296,000	13,406,000	31,634,000	33,712,000		24,109,000	12,125,000	22,894,000	4,129,000		11,196,000	19,844,000	8,325,000	9,619,000		3,083,000	-926,000	1,178,000	3,606,000			5,893,000	4,519,000	2,630,000					-18,664,000	-75,592,000		-15,543,000	-7,068,000	-13,725,000	-39,422,000		12,066,000	25,685,000	34,995,000	32,824,000		17,713,000
earnings per ads							-1,810
basic			-1,070	-2,710	-625	-920		240	640	1,232.5	-90	1,350	3,560	4,780	4,947.5	4,280	8,360	7,170	2,000																											1,070	1,900	800	920
diluted			-1,070	-2,710	-625	-920	-1,810	240	640	1,222.5	-90	1,340	3,520	4,710	4,852.5	4,180	8,180	6,990	1,940																											1,050	1,870	790	910
investment income					3,850,500	8,253,000	7,149,000		253,000	-35,750	-165,000	8,000					34,000	1,495,000	3,317,000
foreign exchange loss							-1,406,000	-269,000		-4,142,750	3,143,000	-19,714,000																					-189,000																																					-89,000					-477,000		-709,000
income tax expense								-14,356,000	-26,737,000	-36,809,000	-21,438,000	-44,730,000	-81,067,000	-108,539,000	-107,143,000	-155,204,000	-143,460,000	-129,908,000	-43,099,000	-29,926,750	-62,137,000	-43,083,000	-14,487,000	-13,606,000	-3,643,500	-6,193,000	-2,037,000	-6,344,000	-5,972,000			-662,000	-1,429,000				-4,377,000	-5,864,000	-5,605,000		-4,218,000	-2,768,000	-4,742,000	-1,281,000					-542,000											-60,000												-2,878,000	-4,513,000	-6,528,000	-5,963,000		-3,016,000
net income attributable to daqo
new energy corp. shareholders									44,946,000
gain on short-term investment													13,000
other operating income/														903,000
interest income(expenses)														12,030,000
gain on short-term investments														-132,000
interest expense																	-3,677,000	-1,468,000	-2,002,000	-5,367,000	-6,419,000	-7,224,000	-7,825,000	-8,254,000	-4,594,500	-5,438,000	-6,653,000	-6,287,000	-3,936,000	-1,615,250	-2,551,000	-1,889,000	-2,021,000	-1,891,000	-2,218,000	-2,126,000	-3,403,000	-4,054,000	-4,056,000		-4,318,000	-5,288,000	-4,344,000	-4,099,000		-3,076,000	-3,487,000	-3,905,000	-4,260,000		-3,062,000	-2,635,000	-3,217,000	-4,032,000			-3,648,000	-3,863,000	-4,112,000	-4,199,000		-4,941,000	-4,931,000	-5,278,000	-3,573,000		-3,817,000	-4,094,000	-4,121,000	-2,610,000		-2,777,000	-2,193,000	-2,083,000	-2,037,000		-2,484,000
other operating income /																		938,000	-217,000																																						574,000	-4,000
net income from continuing operations																			186,309,000	171,458,250	355,768,000	242,902,000	87,163,000	76,306,000	14,410,750	21,899,000	2,431,000	33,313,000	20,393,000			-2,693,000	5,864,000	17,140,000	17,142,000	4,155,000																								-8,280,000		-10,972,000	-179,968,000	-21,873,000	-79,237,000		-13,835,000
net loss from discontinued operations
gain on changes of fair values of short-term investments																				173,750	695,000
loss from discontinued operations, net of tax																																		-5,693,000
foreign currency translation adjustments																				3,843,750	6,426,000	12,805,000		31,107,000	4,332,750	25,937,000	1,213,000	-9,819,000	13,892,000	-5,148,500	-21,337,000	-12,271,000	13,014,000	935,000	-6,822,750	-18,706,000	-23,412,000	14,826,000	8,904,000		6,004,000	4,904,000	2,166,000	-10,625,000		-882,000	-8,116,000	2,018,000	-5,333,000		-5,815,000	-46,000	-93,000	-2,149,000			1,653,000	261,000	-3,428,000	1,010,000		343,000	2,992,000	1,198,000	2,696,000		3,427,000	-4,005,000	657,000
total other comprehensive income																				3,843,750	6,426,000	12,805,000	-3,857,000	31,107,000	4,332,750	25,937,000	1,213,000		13,892,000			-12,271,000	13,014,000	935,000	-6,822,750	-18,706,000	-23,412,000	14,826,000	8,904,000		6,004,000	4,904,000	2,166,000	-10,625,000		-882,000	-8,116,000	2,018,000	-5,333,000		-5,815,000	-46,000	-93,000	-2,149,000			1,653,000	261,000	-3,428,000	1,010,000		343,000	2,992,000	1,198,000	2,696,000		3,427,000	-4,005,000	657,000
comprehensive income																				175,302,000	362,194,000	255,707,000	83,306,000	107,413,000	18,708,250	47,836,000	3,589,000	23,408,000	33,979,000	-2,789,750	-16,354,000	-14,460,000	19,656,000	12,382,000	6,500	-36,961,000	-9,811,000	46,799,000	42,996,000		30,355,000	17,164,000	25,317,000	-6,441,000		10,449,000	11,904,000	10,408,000	4,377,000					1,457,000			7,546,000	4,780,000						-20,675,000	-76,541,000		-10,668,000	-12,000,000	-13,652,000
comprehensive income attributable to non-controlling interest																				20,020,000	64,979,000	11,314,000	3,788,000	5,698,000	287,000	1,163,000		-9,000	2,000						108,000	-34,000	19,000	446,000
comprehensive income attributable to daqo new energy corp. shareholders																				155,282,000	297,215,000	244,393,000	79,518,000	101,715,000	18,421,250	46,673,000	3,595,000	23,417,000	33,977,000			-14,460,000	19,656,000	12,313,000	-101,500	-36,927,000	-9,830,000	46,353,000	42,552,000		30,074,000	16,997,000	25,047,000	-6,432,000		10,320,000	11,774,000	10,332,000	4,316,000		-2,732,000	-972,000	1,085,000	1,457,000			7,546,000	4,780,000						-17,984,000	-74,083,000		-13,659,000	-9,759,000	-13,280,000
earnings per ads*
- continuing operations																				2,062.5	3,950	3,150			200	290	170			150	360	-200			907.5	320
- discontinued operations																														25	10	40			-360	-1,710
basic																				2,062.5	3,950	3,150			200	290	170			175	370	-160			547.5	-1,390
diluted																				1,980	3,810	3,030			185	270	160			172.5	350	-160			520	-1,360
weighted-average ads outstanding*
basic	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,704,356,000	69,862,986,000		74,038,122,000	76,762,451,000	78,298,405,000	78,052,481,000		75,588,043,000	75,119,100,000	74,710,994,000	74,377,874,000		74,045,141,000	73,714,734,000	73,338,969,000	72,147,808,000		71,281,184,000	14,109,241,000	13,991,847,000	13,837,250,000		13,634,401,000	13,492,010,000	13,360,729,000	13,237,220,000		13,122,403,000	12,630,578,000	10,853,166,000	10,680,120,000		10,570,485,000	10,529,730,000	10,519,425,000	10,508,261,000		10,478,671,000	10,457,105,000	10,434,199,000	10,447,744,000		10,508,161,000	10,506,506,000	9,793,703,000	8,943,114,000			8,938,320,000	7,948,103,000	6,937,114,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,142,821,000	34,155,245,000		100,000,000,000
diluted	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,720,945,000	69,905,271,000		74,152,055,000	77,031,850,000	78,839,166,000	78,898,049,000		76,656,286,000	76,756,442,000	76,631,999,000	76,717,325,000		76,681,604,000	76,688,538,000	76,744,468,000	76,065,033,000		76,626,371,000	14,682,134,000	14,669,820,000	14,274,977,000		14,219,008,000	13,936,671,000	13,749,959,000	13,455,067,000		13,444,935,000	13,364,509,000	11,341,860,000	11,170,576,000		10,874,914,000	10,678,845,000	10,691,911,000	10,642,404,000		10,642,235,000	10,596,753,000	10,552,339,000	10,570,777,000		10,630,996,000	10,506,506,000	9,946,986,000	9,143,039,000			9,137,667,000	7,970,887,000	7,060,443,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,304,624,000	34,674,637,000		129,714,103,000
other comprehensive income:
foreign currency translation adjustments, net of tax of nil																							-3,857,000
earnings per ads							-1,810
-continuing operations																							1,130	1,010				2,380	1,470				440	1,290
-discontinued operations																												-10	-20				60	-430
basic																							1,130	1,010				2,370	1,450				500	860
diluted																							1,080	960				2,270	1,410				480	850
total operating (expenses) / income																								-11,508,000					-5,029,000
net income from discontinued operations																												-86,000	-306,000
income from discontinued operations, net of tax																									-35,250		-55,000					504,000	778,000		-5,693,000	-22,410,000
comprehensive loss attributable to non-controlling interest																											-6,000
total other comprehensive income /																												-9,819,000
net incomefrom continuing operations																														2,016,250	4,895,000
net income from discontinued operations, net of tax																														342,500	88,000
total other comprehensive loss																														-5,148,500	-21,337,000
comprehensive loss attributable to daqo new energy corp. shareholders																														-2,789,750	-16,354,000																												-798,000	-6,793,000		-9,933,000	-32,088,000
total operating (expenses) /income																																	-9,162,000
total operating income/																																		3,317,000
comprehensive income attributable to noncontrolling interest																																		69,000					444,000		281,000	167,000	270,000	-9,000		129,000	130,000	76,000	61,000															-2,691,000	-2,458,000		2,991,000	-2,241,000	-372,000
income per ads
basic																																					1,060	2,910	3,160		2,280	1,150	2,180	390							290	-90	120				660	570	380
diluted																																					1,000	2,790	3,020		2,220	1,140	2,140	390							290	-90	120				640	570	370
impairment of long-lived assets																																							-2,988,000					-199,000					-1,623,000														-158,425,000		-42,754,000
net income attributable to noncontrolling interest																																							380,000		242,000	135,000	257,000	55,000					91,000															-3,209,000	-3,645,000		1,448,000	-927,000	-584,000			314,000	744,000	273,000	219,000		241,000
income tax (expenses) benefit																																														-2,163,000	-2,802,000
income tax expenses																																																-1,112,000					-215,000
income (loss) per ads
basic																																																						400
diluted																																																						390
amount due to related party
daqo group																																																							325,844.25	1,303,377
xinjiang daqo investment																																																							5,348,926.75	21,395,707
nanjing daqo
daqo solar																																																							10,827,594.25	43,310,377
daqo new material																																																							2,014,991.75	8,059,967
others																																																							153,689.25	614,757
total																																																							18,671,046.25	74,684,185
name of related parties
zhenjiang daqo
others subsidiaries under daqo group
numerator used in basic and diluted earnings per share:
net income attributable to daqo new energy corp. ordinary shareholders—basic and diluted																																																							-15,732,293.5	13,043,181
denominator used in basic and diluted earnings per share:
weighted-average number of ordinary shares outstanding used in computing earnings per share—basic																																																								200,643,909
plus: share options																																																								5,020,995
weighted-average number of ordinary shares outstanding used in computing earnings per share—diluted					330,800,038					374,817,676																																														205,664,904
net income attributable to daqo new energy corp. per ordinary share—basic																																																							-0.09	0.07
net income attributable to daqo new energy corp. per ordinary share—diluted																																																							-0.09	0.06
net loss attributable to noncontrolling interest																																																												-266,000		-671,000	-146,001,000
comprehensive loss																																																											-798,000	-7,270,000		-10,628,000	-176,976,000
comprehensive loss attributable to noncontrolling interest																																																												-477,000		-695,000	-144,888,000
loss from discontinued operations
loss per ads
--continuing operations																																																												-1,160
--discontinued operations
basic																																																												-1,160
diluted																																																												-1,160
—continuing operations																																																														-1,490	-4,910	-2,700	-10,760		-430
—discontinued operations																																																																			-10
basic																																																														-1,490	-4,910	-2,700	-10,760		-440
diluted																																																														-1,490	-4,910	-2,700	-10,760		-440
discontinued operations:
loss from discontinued operations of nanjing daqo																																																																			-1,359,000
other comprehensive income from discontinued operations																																																																			1,099,000
total loss from discontinued operations																																																																			-260,000
earnings per ads							-1,810
basic and diluted																																																																				-200	-390	-1,120		340	730	990	950
fixed asset impairment loss																																																																						-38,512,000
operating income
deemed dividend on series a convertible redeemable preferred shares																																																																													-1,100,000
net income attributable to daqo new energy corp. ordinary shareholders																																																																						-39,422,000		12,066,000	25,685,000	34,995,000	32,824,000		16,613,000
research and development
expenses																																																																										-128,000
earnings per ordinary share
basic																																																																													130
diluted																																																																													130
weighted-average ordinary shares outstanding
basic	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,704,356,000	69,862,986,000		74,038,122,000	76,762,451,000	78,298,405,000	78,052,481,000		75,588,043,000	75,119,100,000	74,710,994,000	74,377,874,000		74,045,141,000	73,714,734,000	73,338,969,000	72,147,808,000		71,281,184,000	14,109,241,000	13,991,847,000	13,837,250,000		13,634,401,000	13,492,010,000	13,360,729,000	13,237,220,000		13,122,403,000	12,630,578,000	10,853,166,000	10,680,120,000		10,570,485,000	10,529,730,000	10,519,425,000	10,508,261,000		10,478,671,000	10,457,105,000	10,434,199,000	10,447,744,000		10,508,161,000	10,506,506,000	9,793,703,000	8,943,114,000			8,938,320,000	7,948,103,000	6,937,114,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,142,821,000	34,155,245,000		100,000,000,000
diluted	67,547,032,000	67,243,161,000	66,938,183,000	66,609,799,000		66,306,870,000	66,002,970,000	65,720,945,000	69,905,271,000		74,152,055,000	77,031,850,000	78,839,166,000	78,898,049,000		76,656,286,000	76,756,442,000	76,631,999,000	76,717,325,000		76,681,604,000	76,688,538,000	76,744,468,000	76,065,033,000		76,626,371,000	14,682,134,000	14,669,820,000	14,274,977,000		14,219,008,000	13,936,671,000	13,749,959,000	13,455,067,000		13,444,935,000	13,364,509,000	11,341,860,000	11,170,576,000		10,874,914,000	10,678,845,000	10,691,911,000	10,642,404,000		10,642,235,000	10,596,753,000	10,552,339,000	10,570,777,000		10,630,996,000	10,506,506,000	9,946,986,000	9,143,039,000			9,137,667,000	7,970,887,000	7,060,443,000	6,937,060,000		6,924,542,000	6,915,097,000	6,915,097,000	7,028,564,000		35,086,979,000	35,142,821,000	35,142,821,000	35,142,821,000		35,142,821,000	35,142,821,000	35,304,624,000	34,674,637,000		129,714,103,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-10-27	2025-08-26	2025-04-29	2025-02-27	2024-12-31	2024-10-30	2024-09-30	2024-08-26	2024-04-29	2024-02-28	2024-02-27	2023-12-31	2023-10-30	2023-08-03	2023-04-27	2023-02-28	2022-12-31	2022-10-28	2022-09-30	2022-08-03	2022-04-27	2022-03-31	2022-03-01	2021-12-31	2021-11-02	2021-09-30	2021-08-19	2021-06-30	2021-05-18	2021-04-13	2021-03-31	2020-12-31	2020-11-23	2020-09-30	2020-08-18	2020-06-30	2020-05-20	2020-03-31	2020-03-11	2019-12-31	2019-11-13	2019-09-30	2019-08-14	2019-06-30	2019-05-21	2019-03-31	2019-03-13	2018-12-31	2018-11-13	2018-08-07	2018-06-30	2018-05-09	2018-03-31	2018-03-01	2017-12-31	2017-11-14	2017-09-30	2017-08-08	2017-06-30	2017-05-12	2017-03-31	2017-03-09	2016-12-31	2016-11-18	2016-08-10	2016-05-12	2016-03-28	2015-12-31	2015-11-19	2015-08-12	2015-05-11	2015-04-10	2014-12-31	2014-12-23	2014-11-14	2014-09-30	2014-08-18	2014-06-30	2014-05-12	2014-04-10	2014-03-31	2013-12-31	2013-11-25	2013-09-30	2013-09-12	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-11-17	2009-12-31

assets:
current assets:
cash, cash equivalents and restricted cash	551,564,000	598,576,000	791,930,000	1,038,349,000		853,401,000	853,401,000	997,481,000	2,689,310,000	3,047,956,000	1,038,349,000		3,280,816,000	3,169,724,000	4,130,549,000	3,520,351,000		3,051,119,000	3,051,119,000	3,284,251,000	1,127,735,000	1,127,735,000	723,966,000
short-term investments	431,341,000	418,822,000	168,203,000	9,619,000	9,619,000	244,982,000	244,982,000	219,469,000			9,619,000		2,749,000	2,757,000	5,823,000	13,927,000	13,927,000	31,733,000	31,733,000	11,392,000	10,411,000	10,411,000	280,251,000	280,251,000																							21,807,000	21,807,000
accounts and notes receivable	156,994,000	49,063,000	62,818,000	55,171,000		84,507,000	84,507,000				55,171,000
inventories	121,437,000	167,601,000	125,918,000	149,939,000	149,939,000	206,877,000	206,877,000	191,969,000	191,161,000	173,271,000	149,939,000		129,067,000	159,494,000	191,708,000	169,517,000	169,517,000	73,265,000	73,265,000	52,264,000	100,313,000	100,313,000	327,771,000	327,771,000	46,231,000	46,231,000	33,815,000	33,815,000	34,064,000	42,159,000	34,064,000	42,159,000	53,640,000	53,640,000	26,824,000	26,824,000	33,234,000	33,234,000	36,391,000	36,391,463	21,023,000	21,023,000	19,871,000	19,871,000	18,882,000	18,882,000	15,449,000	15,449,367	17,021,000	33,657,000	33,657,000	19,502,000	19,502,000	19,603,000	19,603,324	17,310,000	17,310,000	15,981,000	15,981,000	16,268,000	16,268,000	12,281,000	12,280,700	14,905,000	9,539,000	10,868,000	10,716,000	10,715,939	12,157,000	10,516,000	9,398,000	9,582,000	9,581,784	11,314,047	11,314,000	11,314,000	12,070,000	12,070,000	12,371,000	10,500,000	12,371,000	10,500,256	11,780,000	11,780,000	13,311,000	13,311,000	19,305,000	15,135,522	12,717,000	17,648,000	19,258,000	24,176,109	28,506,000	15,016,000	14,115,000	11,239,762	11,711,000
fixed term deposit within one year	1,034,472,000	960,695,000	1,125,323,000	1,087,210,000	1,087,210,000	1,215,165,000	1,215,165,000	1,168,032,000			1,087,210,000
other current assets	317,988,000	327,788,000	303,156,000	291,259,000		292,610,000	292,610,000	272,404,000	229,893,000	239,050,000	291,259,000		150,633,000	137,288,000	70,223,000	53,800,000		12,789,000	12,789,000	39,533,000	14,412,000	14,412,000	45,081,000
total current assets	2,613,796,000	2,522,545,000	2,577,348,000	2,631,547,000	2,631,547,000	2,897,542,000	2,897,542,000	2,930,074,000	3,304,452,000	3,576,635,000	2,631,547,000	218,841,000	3,839,108,000	4,267,726,000	5,189,649,000	4,889,161,000	4,889,163,000	4,740,560,000	4,740,560,000	4,656,754,000	2,752,296,000	2,752,296,000	1,742,980,000	1,742,980,000	1,508,797,000	1,508,797,000	429,719,000	429,719,000	323,434,000	180,271,000	323,434,000	180,271,000	179,794,000	179,794,000	171,685,000	171,685,000	181,531,000	181,531,000	174,328,000	174,328,361	129,528,000	129,528,000	137,175,000	137,175,000	154,961,000	154,961,000	160,069,000	160,068,807	192,773,000	253,917,000	253,917,000	169,534,000	169,534,000	142,364,000	142,362,550	124,228,000	124,228,000	90,248,000	90,248,000	110,035,000	110,035,000	73,303,000	73,302,858	76,211,000	89,474,000	98,005,000	88,777,000	88,776,027	131,592,000	180,152,000	128,233,000	121,949,000	121,949,234	108,990,666	108,990,000	108,990,000	158,640,000	158,640,000	109,874,000	91,145,000	109,874,000	91,144,427	92,580,000	92,580,000	88,335,000	88,335,000	97,592,000	96,511,143	131,657,000	178,043,000	206,250,000	179,452,895	145,401,000	211,186,000	229,594,000	241,738,269	148,861,000	120,917,000
property, plant and equipment	3,409,878,000	3,446,352,000	3,460,203,000	3,499,210,000	3,499,210,000	3,903,436,000	3,903,436,000	3,781,330,000	3,731,647,000	3,641,024,000	3,499,210,000		3,237,803,000	2,920,163,000	2,884,700,000	2,605,196,000	2,605,195,000	2,040,221,000	2,040,221,000	1,763,632,000	1,619,217,000	1,619,217,000	1,559,110,000	1,559,110,000	1,442,505,000	1,442,505,000	1,217,524,000	1,217,524,000	1,081,352,000	1,027,086,000	1,081,352,000	1,027,086,000	987,295,000	987,295,000	956,675,000	956,675,000	968,418,000	968,418,000	995,027,000	995,027,214	883,084,000	883,084,000	763,388,000	763,388,000	686,056,000	686,056,000	611,616,000	611,616,459	536,131,000	597,388,000	597,388,000	601,758,000	601,758,000	579,129,000	579,128,691	558,476,000	558,476,000	554,062,000	554,062,000	559,900,000	559,900,000	557,428,000	557,427,884	561,324,000	546,227,000	546,431,000	544,326,000	544,326,125	557,737,000	569,119,000	559,591,000	559,006,000	559,006,119	517,946,921	517,947,000	517,947,000	480,681,000	480,681,000	475,850,000	488,504,000	475,850,000	488,504,183	495,719,000	495,719,000	506,927,000	506,927,000	673,499,000	677,895,274	722,165,000	701,279,000	651,958,000	636,474,691	599,842,000	501,787,000	443,636,000	399,558,053	377,207,000	399,985,000
prepaid land use right	154,163,000	154,077,000	152,854,000	152,869,000		159,853,000	159,853,000	155,197,000	157,046,000	150,358,000	152,869,000		147,774,000	94,606,000	80,221,000	80,330,000		77,554,000	77,554,000	38,196,000	40,592,000	40,592,000	40,741,000		36,882,000	36,882,000	37,020,000	37,020,000	30,534,000	30,829,000	30,534,000		29,815,000	29,815,000	28,826,000	28,826,000	28,936,000	28,936,000	29,593,000		21,030,000	21,030,000	22,029,000	22,029,000	22,669,000	22,669,000	22,249,000		22,415,000	25,155,000	25,155,000	26,686,000	26,686,000	25,889,000		25,455,000	25,455,000	25,125,000	25,125,000	24,871,000	24,871,000	24,810,000		25,971,000	26,205,000	27,185,000	27,122,000		27,867,000	28,731,000	28,879,000	29,007,000			29,488,000	29,488,000	29,330,000	29,330,000	29,428,000	30,377,000	29,428,000		36,840,000	36,840,000	36,327,000	36,327,000	36,105,000		35,433,000	35,316,000	35,827,000		8,774,000	8,714,000	8,647,000		6,493,000
fixed term deposit over one year	33,944,000	33,584,000		27,636,000	27,636,000	28,536,000	28,536,000	27,366,000			27,636,000
other non-current assets	130,443,000	133,473,000	120,281,000	106,981,000	21,840,000	59,338,000	59,338,000	46,534,000	54,688,000	73,507,000	106,981,000		70,956,000	42,532,000	35,672,000	18,295,000	735,000	47,888,000	47,888,000	25,549,000	800,000	800,000	820,000	820,000	93,000	93,000	155,000	155,000	3,016,000	153,000	3,016,000	153,000	147,000	147,000																																			165,000	169,000	169,000	169,000	169,173	171,060	171,000	171,000	169,000	169,000	169,000	174,000	169,000	173,440	172,000	172,000	4,189,000	4,189,000	4,633,000	4,686,711	9,941,000	3,939,000	7,065,000	9,331,938	165,000	162,000		159,035
total assets	6,342,224,000	6,290,031,000	6,310,686,000	6,418,243,000	6,418,243,000	7,048,705,000	7,048,705,000	6,940,501,000	7,247,833,000	7,441,524,000	6,418,243,000	4,851,342,000	7,295,641,000	7,325,027,000	8,190,242,000	7,592,982,000	7,594,096,000	6,906,223,000	6,906,223,000	6,484,131,000	4,412,905,000	4,412,905,000	3,343,651,000	3,343,651,000	2,989,902,000	2,989,902,000	1,716,751,000	1,716,751,000	1,439,114,000	1,239,143,000	1,439,114,000	1,239,143,000	1,199,232,000	1,199,232,000	1,159,485,000	1,159,485,000	1,181,216,000	1,181,216,000	1,201,356,000	1,201,356,021	1,042,072,000	1,042,072,000	979,399,000	979,399,000	924,062,000	924,062,000	854,929,000	854,929,081	815,100,000	877,837,000	877,837,000	799,430,000	799,430,000	748,783,000	748,781,233	709,377,000	709,377,000	670,631,000	670,631,000	695,983,000	695,983,000	656,709,000	656,708,076	664,298,000	662,700,000	672,441,000	660,852,000	660,851,404	717,361,000	778,171,000	716,872,000	710,131,000	710,131,219	656,596,454	656,596,000	656,596,000	668,820,000	668,820,000	615,321,000	610,200,000	615,321,000	610,199,543	625,474,000	625,474,000	636,712,000	636,712,000	812,890,000	816,307,804	915,563,000	936,499,000	919,158,000	878,476,642	755,627,000	722,911,000	683,041,000	650,970,939	534,358,000	523,923,000
current liabilities:
accounts payable and notes payable	83,259,000	49,629,000	28,694,000	33,270,000		40,860,000	40,860,000	64,208,000	67,329,000	93,161,000	33,270,000		100,466,000	104,617,000	97,402,000	102,562,000		107,724,000	107,724,000	115,337,000	56,422,000	56,422,000	81,469,000
advances from customers - short term portion	24,221,000	20,980,000	33,032,000																																						21,218,000	21,218,000	25,654,000	25,654,000	9,658,000	9,658,000
payables for purchases of property, plant and equipment	312,170,000	336,716,000	357,562,000	406,743,000	406,743,000	454,364,000	454,364,000	436,286,000	409,689,000	435,344,000	406,743,000		292,488,000	256,278,000	266,164,000	230,440,000	230,440,000	94,956,000	94,956,000	94,113,000	104,160,000	104,160,000	142,937,000	142,937,000	81,892,000	81,892,000	36,018,000	36,018,000	34,778,000	49,555,000	34,778,000	49,555,000	76,158,000	76,158,000	97,239,000	97,239,000	106,208,000	106,208,000	112,538,000	112,538,482	81,709,000	81,709,000	25,213,000	25,213,000	25,085,000	25,085,000	27,221,000	27,220,943	39,097,000	19,161,000	19,161,000	17,996,000	17,996,000	25,144,000	25,144,073	24,202,000	24,202,000	25,839,000	25,839,000	39,367,000	39,367,000	51,323,000	51,322,901	43,696,000	39,681,000	41,379,000	49,675,000	49,674,887	51,359,000	60,588,000	63,612,000	64,576,000	64,575,527	37,308,771	37,309,000	37,309,000	40,302,000	40,302,000	45,708,000	51,767,000	45,708,000	51,766,695	39,958,000	39,958,000	45,135,000	45,135,000	48,737,000	45,468,680	48,418,000	55,087,000	39,847,000	37,144,590	24,100,000	14,709,000	13,972,000	16,701,144	20,612,000
other current liabilities	42,695,000	39,484,000	39,471,000	44,032,000		77,597,000	77,597,000	82,086,000	114,227,000	173,598,000	44,032,000		165,102,000	152,956,000	252,400,000	279,840,000		287,030,000	287,030,000	250,805,000	297,507,000	297,507,000	123,135,000
total current liabilities	462,345,000	446,809,000	458,759,000	521,237,000	521,235,000	629,061,000	629,061,000	641,595,000	719,942,000	851,087,000	521,237,000	89,435,000	810,318,000	713,247,000	940,902,000	734,834,000	736,542,000	909,777,000	909,777,000	835,665,000	924,062,000	924,062,000	550,499,000	550,499,000	428,805,000	428,805,000	395,265,000	395,265,000	347,553,000	284,135,000	347,553,000	284,135,000	335,461,000	335,461,000	368,350,000	368,350,000	408,651,000	408,651,000	445,148,000	445,146,337	304,025,000	304,025,000	245,860,000	245,860,000	179,558,000	179,558,000	149,854,000	149,853,934	153,491,000	206,905,000	206,905,000	224,024,000	224,024,000	216,513,000	216,511,379	217,898,000	217,898,000	207,506,000	207,506,000	245,550,000	245,550,000	249,750,000	249,750,421	233,445,000	253,824,000	278,829,000	275,395,000	275,393,602	309,829,000	413,263,000	376,016,000	396,068,000	396,067,715	303,219,878	303,220,000	303,220,000	326,907,000	326,907,000	319,460,000	299,124,000	319,460,000	299,123,874	327,516,000	327,516,000	321,540,000	321,540,000	286,106,000	260,311,121	243,784,000	248,904,000	229,866,000	217,840,943	193,305,000	168,185,000	168,483,000	171,009,849	148,004,000	142,675,000
advance from customers - long term portion	16,916,000	18,197,000	20,967,000																																								3,496,000	3,496,000	5,364,000	5,364,000																																		11,924,000
other non-current liabilities	18,084,000	18,120,000	17,610,000	17,658,000		18,489,000	18,489,000	18,012,000	28,329,000	36,681,000	17,658,000		33,526,000	31,722,000	105,792,000	60,228,000		51,331,000	51,331,000	42,850,000	49,262,000	49,262,000	31,366,000
total liabilities	497,345,000	483,126,000	497,336,000	560,379,000	560,377,000	724,284,000	724,284,000	762,468,000	861,871,000	1,001,625,000	560,379,000		948,050,000	873,811,000	1,206,961,000	948,238,000	989,490,000	1,034,304,000	1,034,304,000	974,162,000	1,072,733,000	1,072,733,000	672,526,000	679,821,000	543,460,000	543,460,000	573,442,000	573,442,000	553,875,000	440,228,000	553,875,000	440,228,000	514,395,000	514,395,000	528,166,000	528,166,000	586,177,000	586,177,000	634,198,000	634,196,601	514,118,000	514,118,000	439,985,000	439,985,000	374,799,000	374,799,000	329,798,000	329,797,404	304,304,000	334,400,000	334,400,000	357,245,000	357,245,000	354,255,000	354,253,166	360,993,000	360,993,000	354,160,000	354,160,000	398,052,000	398,052,000	384,979,000	384,979,154	386,672,000	396,606,000	418,929,000	419,196,000	419,194,914	479,758,000	540,617,000	478,889,000	503,363,000	503,363,149	451,426,806	451,427,000	451,427,000	471,645,000	471,645,000	478,164,000	472,873,000	478,164,000	472,872,982	491,451,000	491,451,000	492,580,000	492,580,000	492,342,000	475,430,391	498,170,000	508,581,000	479,868,000	426,450,415	268,819,000	254,904,000	247,863,000	254,548,105	255,411,000	287,829,000
equity:
total daqo new energy corp.’s shareholders’ equity	4,353,992,000	4,325,251,000	4,329,201,000	4,361,193,000		4,705,832,000	4,705,832,000	4,593,003,000	4,716,390,000	4,753,522,000	4,361,193,000		4,733,218,000	4,866,541,000	5,063,463,000	4,847,535,000		4,285,877,000	4,285,877,000	4,050,213,000	2,705,856,000	2,705,856,000	2,169,254,000							767,123,000			658,741,000	658,741,000	602,729,000	602,729,000	594,531,000	594,531,000	566,642,000		527,954,000	527,954,000	539,414,000	539,414,000	549,263,000	549,263,000	525,131,000		507,572,000	540,179,000	540,179,000	438,946,000	438,946,000	391,736,000		346,036,000	346,036,000			296,031,000	296,031,000	270,101,000					240,354,000					206,768,000			205,169,000	205,169,000	197,175,000	197,175,000	137,157,000		137,157,000		143,525,000	143,525,000	152,939,000	152,939,000	184,467,000		276,167,000	289,684,000	298,814,000		347,955,000	331,200,000	300,871,000		89,085,000
non-controlling interest	1,490,887,000	1,481,654,000	1,484,149,000	1,496,671,000	1,496,674,000	1,618,589,000	1,618,589,000	1,585,030,000	1,669,572,000	1,686,377,000	1,496,671,000		1,614,373,000	1,584,675,000	1,919,818,000	1,797,209,000	1,797,230,000	1,586,042,000	1,586,042,000	1,459,756,000	634,316,000	634,316,000	501,871,000	501,871,000	456,144,000	456,144,000	46,894,000	46,894,000	35,580,000	31,792,000	35,580,000	31,792,000	26,096,000	26,096,000	28,590,000	28,590,000	508,000	508,000	516,000	516,467									3,224,000	3,258,000	3,258,000	3,239,000	3,239,000		2,792,480														2,516,000
total equity	5,844,879,000	5,806,905,000	5,813,350,000	5,857,864,000		6,324,421,000	6,324,421,000	6,178,033,000	6,385,962,000	6,439,899,000	5,857,864,000		6,347,591,000	6,451,216,000	6,983,281,000	6,644,744,000		5,871,919,000	5,871,919,000	5,509,969,000	3,340,172,000	3,340,172,000	2,671,125,000		2,446,442,000	2,446,442,000	1,143,309,000	1,143,309,000	885,239,000	798,915,000	885,239,000		684,837,000	684,837,000	631,319,000	631,319,000	595,039,000	595,039,000	567,158,000	567,159,420	527,954,000	527,954,000	539,414,000	539,414,000	549,263,000	549,263,000	525,131,000	525,131,677	510,796,000	543,437,000	543,437,000	442,185,000	442,185,000	394,528,000	394,528,067	348,384,000	348,384,000	316,471,000	316,471,000	297,931,000	297,931,000	271,730,000	271,728,922	277,626,000	266,094,000	253,512,000	241,656,000	241,656,490	237,603,000	237,554,000	237,983,000	206,768,000	206,768,070	205,169,648	205,169,000	205,169,000	197,175,000	197,175,000	137,157,000	137,327,000	137,157,000	137,326,561	134,023,000	134,023,000	144,132,000	144,132,000	320,548,000	340,877,413	417,393,000	427,918,000	439,290,000	452,026,227	486,808,000	468,007,000	435,178,000	396,422,834	220,044,000	180,492,000
total liabilities & equity	6,342,224,000	6,290,031,000	6,310,686,000	6,418,243,000		7,048,705,000	7,048,705,000	6,940,501,000	7,247,833,000	7,441,524,000	6,418,243,000		7,295,641,000	7,325,027,000	8,190,242,000	7,592,982,000		6,906,223,000	6,906,223,000	6,484,131,000	4,412,905,000	4,412,905,000	3,343,651,000		2,989,902,000	2,989,902,000	1,716,751,000	1,716,751,000	1,439,114,000	1,239,143,000	1,439,114,000		1,199,232,000	1,199,232,000	1,159,485,000	1,159,485,000	1,181,216,000	1,181,216,000	1,201,356,000		1,042,072,000	1,042,072,000	979,399,000	979,399,000	924,062,000	924,062,000	854,929,000		815,100,000	877,837,000	877,837,000	799,430,000	799,430,000	748,783,000		709,377,000	709,377,000	670,631,000	670,631,000	695,983,000	695,983,000	656,709,000		664,298,000	662,700,000	672,441,000	660,852,000		717,361,000	778,171,000	716,872,000	710,131,000			656,596,000	656,596,000	668,820,000	668,820,000	615,321,000	610,200,000	615,321,000		625,474,000	625,474,000	636,712,000	636,712,000	812,890,000		915,563,000	936,499,000	919,158,000		755,627,000	722,911,000	683,041,000		534,358,000
advances from customers-short term portion				37,192,000		56,240,000	56,240,000	59,015,000	128,697,000	148,984,000	37,192,000		252,262,000	199,396,000	184,936,000	121,992,000		420,067,000	420,067,000	375,410,000	465,973,000	465,973,000	202,958,000		179,986,000	179,986,000	115,856,000	115,856,000	64,640,000	37,783,000	64,640,000		17,544,000	17,544,000	23,500,000	23,500,000	11,640,000	11,640,000	33,028,000
advance from customers – long term portion				21,484,000		76,734,000	76,734,000	102,861,000	113,600,000	113,857,000	21,484,000		104,206,000	128,842,000	160,267,000	153,176,000		73,196,000	73,196,000	95,647,000	99,409,000	99,409,000	90,661,000		90,247,000	90,247,000	78,212,000	78,212,000	77,494,000	3,265,000	77,494,000		1,266,000	1,266,000	1,132,000	1,132,000	1,624,000	1,624,000	2,154,000								7,269,000		9,028,000	11,181,000	11,181,000																			1,083,000	2,272,000	3,401,000			4,617,000	4,617,000	5,730,000	5,730,000	6,877,000		6,877,000									4,862,000	7,302,000
cash and cash equivalents					1,006,536,000							218,841,000					3,499,488,000							723,775,000	660,913,000	660,913,000	227,148,000	227,148,000	167,049,000	76,596,000	167,049,000	76,596,000	70,150,000	70,150,000	88,215,000	88,215,000	63,168,000	63,168,000	51,840,000	51,839,535	26,985,000	26,985,000	31,250,000	31,250,000	65,111,000	65,111,000	65,419,000	65,419,389	110,322,000	160,298,000	160,298,000	62,386,000	62,386,000	60,677,000	60,676,605	40,903,000	40,903,000	30,443,000	30,443,000	44,651,000	44,651,000	15,987,000	15,987,478	21,630,000	29,659,000	16,349,000	14,490,000	14,490,011	27,955,000	58,638,000	14,838,000	7,068,000	7,068,483	12,611,947	12,612,000	12,612,000	59,320,000	59,320,000	8,702,000	7,831,000	8,702,000	7,831,084	10,771,000	10,771,000	6,679,000	6,679,000	5,539,000	6,679,024	24,162,000	66,114,000	99,309,000	92,697,098	59,241,000	126,079,000	171,401,000	203,635,798	73,574,000	81,414,000
restricted cash					31,813,000												20,863,000							191,000			42,576,000	42,576,000	60,800,000	41,808,000	60,800,000	41,808,000	39,640,000	39,640,000	27,551,000	27,551,000	57,639,000	57,639,000	62,609,000	62,609,361	41,192,000	41,192,000	48,375,000	48,375,000	48,560,000	48,560,000	28,609,000	28,609,307	2,913,000	18,964,000	18,964,000	20,592,000	20,592,000	11,990,000	11,989,559	20,657,000	20,657,000	19,403,000	19,403,000	16,596,000	16,596,000	15,893,000	15,893,467	7,531,000	13,201,000	19,380,000	19,063,000	19,062,713	40,729,000	36,452,000	17,333,000	22,169,000	22,169,236	17,410,074	17,410,000	17,410,000	18,363,000	18,363,000	15,468,000	8,826,000	15,468,000	8,826,110	8,703,000	8,703,000	4,100,000	4,100,000	6,147,000	10,649,745	29,673,000	24,038,000	15,278,000	11,600,321	7,514,000	21,432,000	10,820,000	64,097	1,656,000	8,810,000
notes receivable					55,153,000			80,719,000	194,088,000	116,358,000			275,843,000	798,463,000	791,346,000	1,131,566,000	1,131,566,000	1,571,654,000	1,571,654,000	1,269,314,000	1,499,425,000	1,499,425,000	365,911,000	365,911,000	353,299,000	353,299,000	96,977,000	96,977,000	38,547,000	153,000	38,547,000	153,000	1,908,000	1,908,000	8,163,000	8,163,000	4,402,000	4,402,000	5,644,000	5,644,392	4,294,000	4,294,000	9,435,000	9,435,000	714,000	714,000	8,111,000	8,111,044	22,500,000	19,332,000	19,332,000	49,723,000	49,723,000	27,286,000		25,254,000	25,254,000	10,540,000	10,540,000	11,702,000	11,702,000	13,026,000					11,110,000					50,240,000											11,877,000	11,877,000	9,041,000	9,041,000
prepaid expenses and other current assets					280,876,000												52,932,000							41,684,000	7,345,000	7,345,000	13,170,000	13,170,000	9,857,000	11,477,000	9,857,000	11,477,000	12,972,000	12,972,000	13,476,000	13,476,000	13,249,000	13,249,000	15,344,000	15,343,671	24,176,000	24,176,000	13,765,000	13,765,000	9,717,000	9,717,000	10,336,000	10,335,501	9,029,000	8,496,000	8,496,000	8,278,000	8,278,000	8,183,000	8,182,567	6,959,000	6,959,000	7,011,000	7,011,000	6,069,000	6,069,000	8,028,000	8,027,667	6,849,000	6,630,000	8,212,000	12,235,000	12,235,141	15,543,000	17,031,000	15,511,000	12,836,000	12,835,869	12,128,970	12,129,000	12,129,000	16,779,000	16,779,000	18,534,000	23,871,000	18,534,000	23,870,690	24,270,000	24,270,000	25,774,000	25,774,000	24,265,000	23,933,967	17,439,000	20,204,000	15,519,000	11,152,142	8,977,000	6,935,000	5,812,000	4,995,175	3,677,000
advances to suppliers					10,401,000												852,000							3,397,000	26,736,000	26,736,000	5,630,000	5,630,000	5,468,000	7,949,000	5,468,000	7,949,000	1,229,000	1,229,000	6,712,000	6,712,000	8,962,000	8,962,000	1,544,000	1,544,474	7,823,000	7,823,000	8,688,000	8,688,000	2,846,000	2,846,000	3,328,000	3,327,951	2,225,000	1,755,000	1,755,000	2,054,000	2,054,000	2,656,000	2,655,623	3,421,000	3,421,000	1,688,000	1,688,000	1,283,000	1,283,000	1,723,000	1,722,783	1,805,000	1,072,000	1,028,000	1,028,000	1,028,287	913,000	1,794,000	1,520,000	1,353,000	1,352,747	2,401,354	2,401,000	2,401,000	1,663,000	1,663,000	4,320,000	861,000	4,320,000	860,546	1,580,000	1,580,000	631,000	631,000	1,820,000	737,794	1,216,000	2,344,000	1,747,000	2,846,797	3,057,000	2,625,000	4,061,000	4,949,693	4,248,000
amounts due from related parties– short-term portion																	18,000
prepaid land use rights					152,869,000												80,330,000							40,741,000								30,829,000								29,593,265								22,249,251							25,888,850								24,809,809					27,122,287					29,006,693	29,487,807								30,377,493						36,157,610				35,316,414				8,597,548
deferred tax assets					84,596,000												1,809,000																1,386,000	1,386,000	1,332,000	1,332,000	1,330,000	1,330,000	1,352,000	1,351,883	790,000	790,000	823,000	823,000	842,000	842,000	821,000	821,137	676,000	702,000	702,000	740,000	740,000	714,000	714,068	611,000	611,000	600,000	600,000	591,000	591,000	586,000	585,944	610,000	612,000	632,000	627,000																163,000	163,000	934,000	934,000	1,061,000	1,057,066	16,367,000	17,922,000	18,058,000	17,900,704	1,445,000	1,062,000	1,004,000	918,034	1,640,000
amounts due from related parties– long-term portion					545,000												16,864,000
liabilities and equity:
accounts payable					26,448,000												81,875,000							81,469,000	22,226,000	22,226,000	18,303,000	18,303,000	17,848,000	18,953,000	17,848,000	18,953,000	19,739,000	19,739,000	18,833,000	18,833,000	17,716,000	17,716,000	12,713,000	12,713,395	20,070,000	20,070,000	11,106,000	11,106,000	9,926,000	9,926,000	9,195,000	9,195,467	9,580,000	19,729,000	19,729,000	21,854,000	21,854,000	22,406,000	22,403,913	18,446,000	18,446,000	20,972,000	20,972,000	23,130,000	23,130,000	18,745,000	18,745,297	17,698,000	18,665,000	18,309,000	17,492,000	17,491,292	16,728,000	19,391,000	17,579,000	16,784,000	16,784,156	14,601,266	14,601,000	14,601,000	16,984,000	16,984,000	17,396,000	17,695,000	17,396,000	17,695,490	14,981,000	14,981,000	15,746,000	15,746,000	13,544,000	12,346,063	9,795,000	21,975,000	21,266,000	15,036,867	12,632,000	13,181,000	6,080,000	4,302,117	6,719,000
notes payable					6,822,000												20,687,000										42,542,000	42,542,000	60,774,000	49,355,000	60,774,000	49,355,000	62,128,000	62,128,000	49,143,000	49,143,000	89,614,000	89,614,000	101,171,000	101,170,607	62,287,000	62,287,000	73,135,000	73,135,000	66,322,000	66,322,000	29,209,000	29,209,130	5,237,000	26,971,000	26,971,000	31,826,000	31,826,000	16,877,000		29,494,000	29,494,000	26,080,000	26,080,000	23,749,000	23,749,000	25,732,000					20,153,000					48,942,000		28,655,861								1,573,646						21,334,082
advances from customers – short-term portion					37,192,000												121,992,000							202,958,000								37,783,000								33,027,795								10,213,940
accrued expenses and other current liabilities					33,309,000							89,435,000					51,497,000							40,848,000	46,970,000	46,970,000	47,140,000	47,140,000	24,632,000	30,148,000	24,632,000	30,148,000	16,616,000	16,616,000	18,262,000	18,262,000	11,284,000	11,284,000	12,222,000	12,222,100	12,071,000	12,071,000	9,340,000	9,340,000	9,330,000	9,330,000	9,418,000	9,417,702	8,356,000	7,222,000	7,222,000	14,471,000	14,471,000	16,134,000	16,134,408	11,415,000	11,415,000	9,426,000	9,426,000	11,417,000	11,417,000	8,320,000	8,320,041	8,744,000	11,973,000	8,937,000	8,617,000	8,616,831	8,934,000	8,111,000	9,184,000	8,956,000	8,955,663	8,530,082	8,530,000	8,530,000	7,013,000	7,013,000	6,217,000	7,462,000	6,217,000	7,461,621	8,615,000	8,615,000	7,872,000	7,872,000	6,560,000	7,617,455	9,993,000	8,355,000	8,474,000	9,164,522	13,999,000	10,761,000	13,106,000	19,428,269	17,071,000
amounts due to related parties – short-term portion					10,210,000												8,417,000							10,815,000								5,150,000
income tax payable					511,000												221,634,000							71,472,000	76,339,000	76,339,000	44,933,000	44,933,000	18,087,000	22,678,000	18,087,000	22,678,000	7,314,000	7,314,000	4,414,000	4,414,000	10,975,000	10,975,000	4,789,000	4,788,730	3,437,000	3,437,000	1,975,000	1,975,000	6,293,000	6,293,000	5,455,000	5,454,951	3,821,000	5,233,000	5,233,000	11,650,000	11,650,000	13,191,000	13,191,205	7,951,000	7,951,000	6,386,000	6,386,000	7,095,000	7,095,000	5,300,000	5,300,163	4,658,000	3,411,000	1,190,000	941,000	940,732	201,000	-34,000	216,000												163,000	163,000	163,000	163,000	161,000	160,480	5,986,000	5,920,000	15,857,000	15,469,820	10,428,000	9,756,000	19,326,000	13,373,181	7,333,000
advances from customers – long-term portion					21,484,000												153,176,000							90,661,000								3,265,000								2,154,300								7,269,000
deferred government subsidies					17,114,000												19,232,000							21,935,000	21,885,000	21,885,000	22,106,000	22,106,000	21,629,000	21,907,000	21,629,000	21,907,000								21,033,638								21,462,621							24,153,555								23,279,820					25,252,882					26,557,607	27,025,148								26,954,700						26,472,135				25,853,179
deferred tax liabilities					544,000												80,540,000							16,726,000	2,523,000	2,523,000	2,526,000	2,526,000	2,505,000	3,461,000	2,505,000	3,461,000	5,647,000	5,647,000	5,459,000	5,459,000	6,271,000	6,271,000	6,368,000	6,367,880	1,145,000	1,145,000	1,159,000	1,159,000	1,174,000	1,174,000	1,185,000	1,184,644
shareholders’ equity:
ordinary shares												41,000													37,000	37,000	37,000	37,000	37,000	37,000	37,000		36,000	36,000	36,000	36,000	35,000	35,000	35,000		35,000	35,000	34,000	34,000	34,000	34,000	33,000		33,000	33,000	33,000	27,000	27,000	27,000		27,000	27,000	27,000	27,000	27,000	27,000	27,000		26,000	26,000	26,000	26,000		26,000	26,000	26,000	22,000			22,000	22,000	22,000	22,000	17,000	17,000	17,000		17,000	17,000	17,000	17,000	17,000		18,000	18,000	18,000		18,000	18,000	18,000		10,000
0.0001 par value 500,000,000 shares authorized as of december 31, 2023 and 2024; 415,330,312 shares issued and 328,513,282 shares outstanding as of december 31, 2023; 421,521,162 shares issued and 333,759,632 shares outstanding as of december 31, 2024					42,000
additional paid-in capital					2,408,799,000							2,340,084,000					2,211,203,000							1,016,855,000	1,014,496,000	1,014,496,000	417,830,000	417,830,000	415,467,000	412,450,000	415,467,000	412,450,000	405,784,000	405,784,000	396,445,000	396,445,000	391,843,000	391,843,000	387,371,000	387,371,083	382,660,000	382,660,000	377,767,000	377,767,000	373,156,000	373,156,000	368,681,000	368,681,449	363,312,000	358,992,000	358,992,000	247,935,000	247,935,000	247,077,000		243,930,000	243,930,000	242,372,000	242,372,000	240,996,000	240,996,000	240,112,000		239,566,000	238,484,000	237,806,000	236,358,000		234,807,000	233,791,000	233,250,000	203,125,000			202,984,000	202,984,000	202,536,000	202,536,000	147,304,000	146,676,000	147,304,000		146,083,000	146,083,000	145,660,000	145,660,000	145,101,000		144,423,000	144,056,000	143,426,000		141,993,000	141,455,000	140,815,000		1,422,000
retained earnings					2,983,173,000							3,328,388,000					2,898,843,000							1,079,042,000	937,766,000	937,766,000	645,436,000	645,436,000	413,337,000		413,337,000	330,118,000								200,922,577	180,834,000	180,834,000	175,851,000	175,851,000	178,040,000	178,040,000		171,398,185							133,273,480	99,560,000	99,560,000	75,451,000	75,451,000	63,326,000	63,326,000		40,432,352																-30,037,000	-32,667,000	-30,037,000	-32,667,469	-24,653,000	-24,653,000	-14,355,000	-14,355,000	19,612,000	38,276,015	113,869,000	129,411,000	136,480,000	150,204,956	189,627,000	177,561,000	151,876,000	116,881,004	84,055,000
accumulated other comprehensive loss					-413,210,000							-293,997,000																					-2,622,000	-2,622,000	-28,538,000	-28,538,000	-29,750,000	-29,750,000	-19,937,000	-19,936,848	-33,826,000	-33,826,000
treasury shares, at cost					-617,612,000							-612,609,000					-126,678,000							-1,749,000								-1,749,000								-1,748,836								-1,748,836							-1,748,836
total daqo new energy corp. shareholders’ equity					4,361,192,000												4,807,376,000							2,161,959,000	1,990,298,000	1,990,298,000	1,096,415,000	1,096,415,000	849,659,000		849,659,000	767,123,000																																									206,768,070	205,169,648								137,326,561						202,105,283				311,178,231				263,480,999		52,496,000
total shareholders’ equity					5,857,866,000							4,761,907,000																												566,642,953								525,131,677							391,735,587								270,099,761					240,354,463
total liabilities and shareholders’ equity					6,418,243,000																											1,239,143,000
short-term borrowings															140,000,000
assets
investments in subsidiaries												4,632,501,000
																																2,020,000
liabilities and shareholders’ equity
total liabilities and equity												4,851,342,000																												1,201,356,021								854,929,081							748,781,233								656,708,076					660,851,404					710,131,219	656,596,454								610,199,543						816,307,804				878,476,642				650,970,939		523,923,000
shareholders' equity:
0.0001 par value 500,000,000 shares authorized as of december 31, 2021 and 2022; 377,177,802 shares issued and 372,534,652 shares outstanding as of december 31, 2021; 405,620,792 shares issued and 391,023,327 shares outstanding as of december 31, 2022																	40,000
accumulated other comprehensive income																	-176,032,000							67,773,000	39,748,000		34,861,000		22,567,000	26,267,000		26,267,000											-12,489,000		-218,000		-13,232,000	-13,232,560	-14,041,000	4,590,000	4,590,000	27,826,000	27,826,000	13,107,000	13,107,187	4,268,000	4,268,000	-1,697,000	-1,697,000	-6,569,000	-6,569,000	-8,721,000	-8,721,820	1,841,000	2,717,000	10,787,000	8,780,000	8,780,313	14,083,000	19,901,000	19,946,000	20,039,000	20,037,183	22,186,368	22,187,000	22,187,000	20,533,000	20,533,000	20,271,000	23,699,000	20,271,000	23,699,196	22,477,000	22,477,000	22,112,000	22,112,000	20,232,000	19,551,006	18,082,000	16,199,000	18,890,000	18,444,123	16,317,000	12,166,000	8,162,000	6,276,868	3,598,000
total shareholders' equity																	6,604,606,000							2,663,830,000
total liabilities and shareholders' equity																	7,594,096,000							3,343,651,000
liabilities:
short-term borrowings, including current portion of long-term borrowings																											85,661,000	85,661,000	121,822,000	70,431,000	121,822,000		131,064,000	131,064,000	147,839,000	147,839,000	116,602,000	116,602,000	128,612,000		85,278,000	85,278,000	91,760,000	91,760,000	43,210,000	43,210,000	38,206,000		45,867,000	102,746,000	102,746,000	109,485,000	109,485,000	99,300,000		97,527,000	97,527,000	96,158,000	96,158,000	106,842,000	106,842,000	105,980,000		98,630,000	109,494,000	126,461,000	123,937,000		115,159,000	166,014,000	147,982,000	159,804,000		129,872,718	129,873,000	129,873,000	141,266,000	141,266,000	135,290,000	118,871,000	135,290,000	118,870,857	125,548,000	125,548,000	121,713,000	121,713,000	122,834,000	120,279,760	123,455,000	119,746,000	104,829,000	111,805,245	94,482,000	94,970,000	70,936,000	71,600,632	59,843,000	43,826,000
long-term borrowings																											70,948,000	70,948,000	100,422,000	123,222,000	100,422,000		139,967,000	139,967,000	116,911,000	116,911,000	149,018,000	149,018,000	151,518,000		163,519,000	163,519,000	151,475,000	151,475,000	149,744,000	149,744,000	133,312,000		119,399,000	92,915,000	92,915,000	108,360,000	108,360,000	113,588,000		119,312,000	119,312,000	123,145,000	123,145,000	129,198,000	129,198,000	111,949,000		128,975,000	118,368,000	114,824,000	118,548,000		143,949,000	100,019,000	74,187,000	77,336,000		116,564,967	116,565,000	116,565,000	112,101,000	112,101,000	124,912,000	134,870,000	124,912,000	134,870,287	137,036,000	137,036,000	144,431,000	144,431,000	178,652,000	187,520,880	210,159,000	223,599,000	211,961,000	165,646,211	63,124,000	67,766,000	75,283,000	83,001,176	106,915,000	144,936,000
amounts due from related parties																																129,000																							8,997,439								1,528,712	1,869,000	4,514,000			284,633
short-term bank borrowings, including current portion of long-term bank borrowings																																70,431,000								128,611,710								38,205,864							99,300,118								105,980,320					123,936,995					159,803,876
lease liability - short-term portion																																82,000
long-term bank borrowings																																123,222,000								151,518,023								133,312,370							113,588,232								111,948,913					118,548,430					77,336,160
amount due to related parties – long-term portion																																4,238,000								7,899,100	15,387,000	15,387,000						15,991,800
ordinary shares;
0.0001 par value 500,000,000 shares authorized as of december 31, 2021 and 2020; 369,878,552 shares issued and 365,235,402 shares outstanding as of december 31, 2020; 377,177,802 shares issued and 372,534,652 shares outstanding as of december 31, 2021																								38,000
short-term investment																									414,201,000	414,201,000	10,403,000	10,403,000	7,631,000		7,631,000																		14,561,000
accounts receivable																									72,000	72,000			18,000		18,000		42,000	42,000	65,000	65,000	213,000	213,000	13,000	13,287	129,000	129,000	86,000	86,000	2,204,000	2,204,000	1,181,000	1,180,598	1,000	294,000	294,000	2,035,000	2,035,000	2,972,000	2,971,930	4,612,000	4,612,000	3,796,000	3,796,000	13,121,000	13,121,000	4,836,000	4,836,499	4,585,000	10,061,000	15,396,000	19,850,000	19,849,608	15,400,000	7,042,000	8,816,000	8,714,000	8,714,261	6,848,729	6,849,000	6,849,000	6,820,000	6,820,000	5,114,000	9,910,000	5,114,000	9,909,662	11,811,000	11,811,000	16,534,000	16,534,000	19,305,000	27,822,799	26,410,000	36,189,000	39,531,000	22,744,972	29,086,000	31,826,000	22,801,000	15,180,002	31,344,000
amount due from related parties																														129,000			213,000	213,000	12,000	12,000			17,000	16,521	3,492,000	3,492,000	4,572,000	4,572,000	4,179,000	4,179,000	815,000	815,035	4,560,000	11,121,000	11,121,000	4,964,000	4,964,000	8,997,000		5,112,000	5,112,000	1,386,000	1,386,000														9,986,968	9,523,297	9,523,000	9,523,000	10,008,000	10,008,000				13,416,452
amount due from related parties – long term portion																									886,000	886,000	31,568,000	31,568,000
investment in affiliate																									693,000	693,000	692,000	692,000	682,000	685,000	682,000		658,000	658,000	633,000	633,000	631,000	631,000	642,000								650,000
operating lease right-of-use assets																									46,000	46,000	73,000	73,000	96,000	119,000	96,000	119,000	137,000	137,000	153,000	153,000	173,000	173,000	197,000	196,628	211,000	211,000	158,000	158,000
amount due to related parties																									21,392,000	21,392,000	4,812,000	4,812,000	4,889,000	5,150,000	4,889,000		4,820,000	4,820,000	8,169,000	8,169,000	43,363,000	43,363,000	38,825,000		16,787,000	16,787,000	683,000	683,000	2,143,000	2,143,000	2,260,000		1,925,000	6,635,000	6,635,000	7,078,000	7,078,000	6,770,000		12,177,000	12,177,000	12,162,000	12,162,000	32,925,000	32,925,000							46,396,527					89,698,151	74,684,185	74,684,000	74,684,000	86,489,000	86,489,000				88,537,790
lease liabilities - short term portion																													83,000	82,000	83,000		78,000	78,000	74,000	74,000	85,000	85,000	85,000
amount due to related parties - long term portion																											4,385,000	4,385,000	4,272,000	4,238,000	4,272,000		10,897,000	10,897,000	16,247,000	16,247,000			7,899,000				16,022,000	16,022,000	16,390,000	16,390,000	15,992,000
treasury stock																									-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000		-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000		-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000		-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000		-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,748,836	-1,749,000	-1,749,000	-1,749,000	-1,749,000	-1,748,836	-1,149,000	-399,000	-399,000	-399,000	-398,672	-398,672	-399,000	-399,000	-398,000	-398,000	-398,000	-398,000	-398,000	-398,672	-399,000	-399,000	-495,000	-495,000	-495,000	-494,928	-225,000
accumulated other comprehensive income/																										39,748,000		34,861,000			22,567,000
current assets associated with discontinued operation																																			667,000	667,000	664,000	664,000	926,000		414,000	414,000	1,133,000	1,133,000	2,748,000	2,748,000	5,014,000
non-current asset associated with discontinued operation																																			181,000	181,000	197,000	197,000	217,000		6,804,000	6,804,000	55,175,000	55,175,000	58,868,000	58,868,000	59,524,000
current liabilities associated with discontinued operation																																			877,000	877,000	1,164,000	1,164,000	1,165,000		1,087,000	1,087,000	6,879,000	6,879,000	7,591,000	7,591,000	18,676,000
lease liabilities – long term portion																																					77,000	77,000	77,000
accumulated gains																														330,118,000			257,292,000	257,292,000	236,535,000	236,535,000	234,152,000	234,152,000	200,922,000								171,398,000		160,017,000	178,313,000	178,313,000	164,907,000	164,907,000	133,274,000								40,432,000
current assets associated with discontinued operations																																								925,657								5,013,615	9,641,000
investment in an affiliate																																685,000								641,972			651,000	651,000	666,000	666,000		649,839	651,000	675,000	675,000													182,000	182,000	188,000
non-current assets associated with discontinued operations																																								216,698								59,523,588	62,454,000
current liabilities associated with discontinued operations																																								1,163,872								18,675,930	23,228,000
lease liability - long-term portion
0.0001 par value 500,000,000 shares authorized as of december 31, 2019 and 2020; 351,823,578 shares issued and 347,419,152 shares outstanding as of december 31, 2019; 390,423,578 shares issued and 365,235,402 shares outstanding as of december 31, 2020																																37,000
total shareholder equity																																798,915,000
other long-term liabilities																																	21,157,000	21,157,000	20,067,000	20,067,000	20,536,000	20,536,000	21,034,000		20,876,000	20,876,000	21,213,000	21,213,000	21,848,000	21,848,000	21,463,000		21,642,000	23,399,000	23,399,000	24,861,000	24,861,000	24,154,000		23,783,000	23,783,000
non-current liabilities associated with discontinued operation																																											702,000	702,000	721,000	721,000	723,000
amount due to related parties – short-term portion																																								38,824,827								2,260,007
lease liability – short-term portion																																								84,819
lease liability – long-term portion																																								77,323
non-current liabilities associated with discontinued operations																																																723,035	744,000
0.0001 par value 500,000,000 shares authorized as of december 31, 2018 and 2019; 351,823,578 shares issued and 332,029,752 shares outstanding as of december 31, 2018; 351,823,578 shares issued and 347,419,152 shares outstanding as of december 31, 2019																																								34,977
long-term equity investments																																									625,000	625,000
lease liabilities-short term portion																																									81,000	81,000	115,000	115,000
advance from customers – long-term portion																																									9,092,000	9,092,000
lease liabilities – long-term portion																																									74,000	74,000
lease liabilities - long term portion																																											58,000	58,000
accumulated other comprehensive (loss)/income																																												-12,489,000		-218,000
advances from customers																																															10,214,000		16,380,000	19,208,000	19,208,000	9,664,000	9,664,000	16,691,000	16,690,895	16,686,000	16,686,000	10,483,000	10,483,000	1,025,000	1,025,000	7,520,000	7,519,605	4,189,000	3,408,000	7,724,000	8,183,000	8,183,376	7,282,000	7,862,000	6,871,000	7,308,000	7,308,535	9,566,995	9,567,000	9,567,000	10,707,000	10,707,000	10,842,000	13,218,000	10,842,000	13,217,775	24,836,000	24,836,000	27,871,000	27,871,000	29,439,000	29,396,238	13,745,000	25,577,000	26,780,000	26,060,543	37,664,000	24,808,000	45,063,000	45,604,506	36,426,000
noncontrolling interest																																																						2,792,000		2,348,000	2,348,000	2,067,000	2,067,000	1,900,000	1,900,000	1,629,000	1,629,161	1,638,000	1,509,000	1,378,000	1,302,000	1,302,027															-9,502,000	-9,502,000	-8,807,000	-8,807,000	136,081,000	138,772,130	141,226,000	138,234,000	140,476,000	140,847,996	138,853,000	136,807,000	134,307,000	132,941,835	130,959,000	127,996,000
0.0001 par value 500,000,000 shares authorized as of december 31, 2017 and 2018; 279,214,103 shares issued and 270,918,702 shares outstanding as of december 31, 2017; 351,823,578 shares issued and 332,029,752 shares outstanding as of december 31, 2018																																																33,439
investment accounted for under cost-method																																																				712,000	712,000	687,000		607,000	607,000	596,000	596,000	586,000	586,000	582,000
note receivables																																																							27,285,503								13,025,552	17,037,000	14,798,000	25,273,000		11,109,695	16,474,000	38,284,000	48,370,000		50,239,886
cost method investment																																																							687,074
note payables																																																							16,876,869								25,732,489	14,440,000	26,092,000	28,140,000		20,152,962	52,248,000	42,446,000	34,918,000		48,941,807
amounts due to related parties																																																							6,769,898								26,829,605	41,390,000	41,100,000
0.0001 par value 500,000,000 shares authorized as of december 31, 2016 and 2017; 279,214,103 shares issued as of december 31, 2016 and 2017 and 262,956,278 and 270,918,702 shares outstanding as of december 31, 2016 and 2017, respectively																																																							27,328
additional paid in capital																																																							247,076,428								240,111,533					236,358,070					203,125,494	202,983,882								146,676,163						144,755,902				142,511,581				140,305,556
other long term liabilities																																																										23,509,000	23,509,000	23,304,000	23,304,000	23,280,000		24,252,000	24,414,000	25,276,000	25,253,000		25,980,000	26,252,000	26,414,000	26,558,000			27,025,000	27,025,000	26,907,000	26,907,000	26,915,000	26,955,000	26,915,000				26,609,000	26,609,000	26,453,000		25,804,000	25,735,000	26,108,000
total daqo new energy corp.'s shareholders' equity																																																										314,404,000	314,404,000																					137,327,000
amount due from related party																																																												345,000	345,000	1,529,000				1,499,000	285,000		2,421,000	10,395,000	12,447,000	9,987,000							11,323,000	13,416,000	11,323,000		11,726,000	11,726,000	11,901,000	11,901,000	6,944,000	6,562,487	7,103,000	4,935,000	9,812,000	9,887,310			18,000	903,616	22,651,000
amount due to related party																																																														26,830,000				46,689,000	46,397,000		57,918,000	108,885,000	95,654,000	89,698,000							78,164,000	88,538,000	78,164,000		108,285,000	108,285,000	99,455,000	99,455,000	54,160,000	23,708,363	8,631,000	12,244,000	12,813,000	3,159,356	2,935,000	4,005,000	3,870,000	397,241	492,000
investment accounted for under the cost-method																																																															581,581
0.0001 per value 500,000,000 shares authorized as of december 31, 2015 and 2016; 279,214,103 and 279,214,103 shares issued as of december 31, 2015 and 2016, respectively and 260,836,578 and 262,956,278 shares outstanding as of december 31, 2015 and 2016, respectively																																																															26,532
accumulated income																																																																36,304,000	25,107,000	5,264,000
daqo new energy corp.’s shareholders’ equity																																																																275,988,000	264,585,000	252,134,000
advances from customers – long term portion
accumulated losses																																																																			-3,061,000	-3,061,404	-12,681,000	-15,765,000	-14,840,000	-16,019,000	-16,018,293		-19,625,000	-19,625,000	-25,518,000	-25,518,000
deferred tax assets-non current																																																																				626,965
0.0001 per value 500,000,000 shares authorized as of december 31, 2014 and 2015; 225,864,103 and 279,214,103 shares issued as of december 31, 2014 and 2015, respectively and 223,577,853 and 260,836,578 shares outstanding as of december 31, 2014 and 2015, respectively																																																																				26,320
daqo new energy corp.'s shareholders' equity																																																																					235,087,000
advance from customers																																																																									3,401,667	4,616,813								11,924,121										12,507,801
daqo new energy corp. shareholders’ equity:
0.0001 per value 500,000,000 shares authorized as of december 31, 2013 and 2014; 175,714,103 and 225,864,103 shares issued as of december 31, 2013 and 2014, respectively and 173,427,853 and 223,577,853 shares outstanding as of december 31, 2013 and 2014, respectively																																																																									22,358
notes receivables																																																																										36,752,248								15,929,627						4,631,370
0.0001 per value 500,000,000 shares authorized as of december 31, 2013 and september 30, 2014 , respectively; 175,714,103 and 240,714,103 shares issued as of december 31, 2013 and september 30, 2014, respectively and 173,427,853 and 223,577,853 shares outstanding as of december 31, 2013 and september 30, 2014, respectively																																																																										22,358
retained accumulated losses																																																																										-19,624,288
note receivable																																																																											36,752,000	36,752,000	33,617,000	33,617,000	34,042,000	15,930,000	34,042,000						13,907,000		1,540,000
deferred tax assets-current																																																																																			64,000	64,000	364,000	364,000	360,000		11,397,000	6,571,000	5,796,000		1,174,000	1,243,000	566,000
note payable																																																																											28,656,000	28,656,000	24,146,000	24,146,000	25,843,000	1,573,000	25,843,000		5,130,000	5,130,000	3,585,000	3,585,000	10,671,000		23,761,000
deferred tax assets - current																																																																																								358,435				4,348,146
long-term payables for purchase of property, plant and equipment																																																																																								1,126,255				4,157,836
0.0001 per value 500,000,000 shares authorized as of december 31, 2012 and 2013; 175,714,103 and 175,714,103 shares issued as of december 31, 2012 and 2013, respectively and 172,877,433 and 173,427,853 shares outstanding as of december 31, 2012 and 2013, respectively																																																																																		17,343
deferred government grant																																																																																			26,899,000	26,899,000
loss from operations																																																																																					-174,952,000
add back: impairment of long-lived assets																																																																																					158,425,000
non-gaap loss from operations.																																																																																					-16,527,000
accrued warranty cost																																																																																										496,000	467,000	444,445	362,000	302,000	227,000	139,839
commitments
0.0001 par value 500,000,000 shares authorized as of december 31, 2011 and 2012; 175,714,103 and 175,714,103 shares issued as of december 31, 2011 and 2012, respectively and 175,714,103 and 172,877,433 shares outstanding as of december 31, 2011 and 2012, respectively																																																																																								17,288
advance from customers—long term portion																																																																																									15,398,000
0.0001 par value 500,000,000 shares authorized as of december 31, 2010 and 2011; 175,714,103 shares issued and outstanding as of december 31, 2010 and 2011																																																																																												17,571
-advance to related party supplier																																																																																													5,578,000
-others																																																																																													2,268,000
long term liability																																																																																													9,093,000	14,646,000
mezzanine equity																																																																																																	58,903,000	55,603,000
- advance to related party supplier																																																																																														5,590,000
- others																																																																																														440,000
non-current assets																																																																																															160,000		157,000
deferred tax assets current																																																																																																770,126
mezzanine equity:
series a convertible redeemable preferred shares, 0.0001 par value...
0.0001 par value 460,000,000, and 500,000,000 shares authorized as of december 31, 2009 and 2010, respectively; 100,000,000, and 175,714,103 shares issued and outstanding as of december 31, 2009 and 2010, respectively																																																																																																17,571
consolidated balance sheet data:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-04-29	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-04-29	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-04-27	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-04-27	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-05-18	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-05-20	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-05-21	2019-03-31	2018-12-31	2018-11-13	2018-06-30	2018-05-09	2018-03-31	2017-12-31	2017-11-14	2017-06-30	2017-05-12	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-05-12	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-05-11	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-05-12	2014-03-31	2013-12-31

operating activities:
net loss
adjustments to reconcile net income to net cash from operating activities	107,750,000	123,324,000	123,788,000	123,788,000		156,455,000		75,364,000	75,364,000		96,231,000	74,869,000	64,183,000	64,183,000		303,136,000	35,269,000	31,837,000	31,837,000		21,157,000					23,383,000
changes in operating assets and liabilities	-37,481,000	-91,238,000	-69,936,000	-69,936,000		-177,371,000	-168,626,000	-219,450,000	-219,450,000		597,062,000	-257,788,000	348,161,000	348,161,000		-280,707,000	81,737,000	-467,544,000	-467,544,000		-166,110,000	18,103,000	49,980,000	49,980,000		-21,123,000
net cash from operating activities	55,425,000	-66,560,000	-38,881,000		-58,934,000			-115,932,000		118,606,000	711,135,000	-20,738,000	807,039,000	807,039,000	765,575,000	568,249,000	897,484,000	231,344,000	231,344,000	-14,080,000	210,816,000	283,075,000	159,178,000	159,178,000	138,584,000	24,159,000	15,880,000	31,080,000	31,080,000	79,385,569	33,796,000	19,328,000	48,481,000	48,481,000	31,954,040	-3,504,000	45,138,000	21,965,000	21,965,000	44,289,394	24,816,000	44,958,000	28,641,000	28,641,000	27,724,937	4,391,000	44,038,000	22,518,000	22,518,000	813,213	33,471,000	30,804,000	1,338,000	1,338,000	-2,042,077	18,564,000	13,880,000	15,219,000	15,219,000	311,183
capital expenditures	-32,503,000	-30,169,000	-57,632,000		-33,270,000			-180,369,000		0	0	0	-277,058,000	-277,058,000	0	0	0	-101,263,000	-101,263,000	-60,844,000	0	0	0	0	0	0	0	-12,893,000	-12,893,000	-52,477,684	-57,272,000	-111,833,000	-57,462,000	-57,462,000	-68,290,872	-22,237,000	-40,705,000	-11,832,000	-11,832,000	-26,852,778	-8,090,000	-16,905,000	-15,989,000	-15,989,000	-5,433,008	-19,204,000	-25,726,000	-17,114,000	-17,114,000	-12,619,037	-21,654,000	-20,840,000	-26,251,000	-26,251,000	-4,772,063	-50,943,000	-16,916,000	-4,398,000	-4,398,000	-18,354,507
free cash flows	22,922,000	-96,729,000	-96,513,000		-92,204,000			-296,301,000		118,606,000	711,135,000	-20,738,000	529,981,000	529,981,000	765,575,000	568,249,000	897,484,000	130,081,000	130,081,000	-74,924,000	210,816,000	283,075,000	159,178,000	159,178,000	138,584,000	24,159,000	15,880,000	18,187,000	18,187,000	26,907,885	-23,476,000	-92,505,000	-8,981,000	-8,981,000	-36,336,832	-25,741,000	4,433,000	10,133,000	10,133,000	17,436,616	16,726,000	28,053,000	12,652,000	12,652,000	22,291,929	-14,813,000	18,312,000	5,404,000	5,404,000	-11,805,824	11,817,000	9,964,000	-24,913,000	-24,913,000	-6,814,140	-32,379,000	-3,036,000	10,821,000	10,821,000	-18,043,324
investing activities:
purchases of property, plant and equipment	-32,503,000	-30,169,000	-57,632,000	-57,632,000	-33,270,000	-33,702,000	-111,487,000	-180,369,000	-180,369,000				-277,058,000	-277,058,000				-101,263,000	-101,263,000	-60,844,000								-12,893,000	-12,893,000	-52,477,684	-57,272,000	-111,833,000	-57,462,000	-57,462,000	-68,290,872	-22,237,000	-40,705,000	-11,832,000	-11,832,000	-26,852,778	-8,090,000	-16,905,000	-15,989,000	-15,989,000	-5,433,008	-19,204,000	-25,726,000	-17,114,000	-17,114,000	-12,619,037	-21,654,000	-20,840,000	-26,251,000	-26,251,000	-4,772,063	-50,943,000	-16,916,000	-4,398,000	-4,398,000	-18,354,507
purchases of land use right						-21,000	47,000	-10,115,000	-10,115,000																								-4,271,000	-4,271,000
purchase of short-term investments and fixed term deposits	-796,368,000	-1,576,878,000	-1,014,899,000	-1,014,899,000
redemption of short-term investments and fixed term deposits	722,670,000	1,475,383,000	861,517,000	861,517,000
net cash from investing activities	-106,201,000	-131,664,000	-211,014,000	-211,014,000	266,967,000	-65,935,000	-1,491,328,000	-190,484,000	-190,484,000	-241,665,000	-458,588,000	-226,811,000	-268,891,000		-393,054,000	-525,025,000	-250,717,000	170,380,000		73,894,000	-600,339,000	-175,558,000	-79,891,000	-79,891,000	-38,145,000	-19,952,000	-47,483,000	-12,907,000	-12,907,000	-59,551,713	-57,403,000	-106,238,000	-38,635,000	-38,635,000	-64,790,305	-47,393,000	-40,705,000	-11,832,000	-11,832,000	-18,144,224	-8,946,000	-19,456,000	-16,563,000	-16,563,000	-14,919,053	-13,598,000	-20,136,000	-17,470,000	-17,470,000	8,584,651			-16,283,000	-16,283,000	-9,627,244	-50,111,000	-19,811,000	-11,040,000	-11,040,000	-18,600,113
financing activities:
net cash from financing activities	0				1,142,000	-5,536,000	-36,958,000	-6,004,000		-193,392,000			59,865,000	59,865,000	-5,775,000	-101,413,000				-5,414,000	778,695,000		31,740,000		-96,534,000	-15,165,000	16,229,000	-1,000	-1,000	25,725,088	15,310,000	54,124,000	7,168,000		2,437,890	-8,926,000	95,628,000	-2,428,000	-2,428,000	-7,721,319	-6,193,000	-39,919,000	16,479,000	16,479,000	-17,993,523	1,218,000				-22,808,921	-37,606,000	52,947,000	22,710,000	22,710,000	6,154,620	-14,672,000	56,603,000	-3,814,000	-3,814,000	15,705,684
effect of exchange rate changes	3,764,000	4,902,000	3,476,000	3,476,000		25,239,000	-834,000	-46,226,000	-46,226,000		-16,926,000	-175,934,000	12,185,000	12,185,000		-174,943,000	-69,530,000	2,045,000	2,045,000		2,017,000	3,154,000	-1,582,000	-1,582,000		4,323,000	330,000	-1,997,000	-1,997,000		-2,939,000	-2,072,000	2,429,000	2,429,000		-4,465,000	-3,777,000	2,606,000	2,606,000									95,000	95,000		-66,000	1,000	5,000	5,000		-489,000	-54,000	506,000	506,000	-356,694
net decrease in cash, cash equivalents and restricted cash	-47,012,000					-144,080,000
cash, cash equivalents and restricted cash at the beginning of the period	0	0	1,038,349,000	1,038,349,000		0	0	3,047,956,000	3,047,956,000		0	0	3,520,351,000	3,520,351,000		0	0	723,966,000	723,966,000		0	0	118,404,000	118,404,000		0	0	115,294,000	115,294,000		0	0	95,120,000	95,120,000		0
cash, cash equivalents and restricted cash at the end of the period	-47,012,000	-193,354,000	791,930,000	791,930,000		-144,080,000	-1,691,829,000	2,689,310,000	2,689,310,000		111,092,000	-960,825,000	4,130,549,000	4,130,549,000		-233,132,000	2,156,516,000	1,127,735,000	1,127,735,000		391,189,000	41,875,000	227,849,000	227,849,000		-6,635,000	-5,017,000	121,442,000	121,442,000		-11,236,000	-34,858,000	114,563,000	114,563,000		-64,288,000
net income		-98,646,000	-92,733,000		-241,513,000			28,154,000	28,154,000	78,168,000	17,842,000	162,181,000	394,695,000	394,695,000	486,293,000	545,820,000	780,478,000	667,051,000	667,051,000	179,014,000	355,769,000	242,901,000	87,163,000	87,163,000	76,305,000	21,899,000	2,376,000	33,227,000	33,227,000	20,088,824	4,983,000	-2,190,000	6,642,000	6,642,000	11,448,537	-18,256,000	13,600,000	31,973,000	31,973,000	34,093,400	24,351,000	12,261,000	23,150,000	23,150,000	4,182,997	11,331,000	20,020,000	8,390,000	8,390,000	9,709,584	3,086,000	-926,000	1,178,000	1,178,000	3,605,995			2,630,000
net increase in cash, cash equivalents and restricted cash			-246,419,000					-358,646,000		-232,860,000			610,198,000	610,198,000	469,232,000	-233,132,000	2,156,516,000	403,769,000	403,769,000	63,053,000		41,875,000	109,445,000	109,445,000	8,614,000			6,148,000	6,148,000	46,825,209			19,443,000	19,443,000	-19,853,278	-64,288,000	96,284,000	10,311,000	10,311,000
net (loss)/income				-92,733,000
net cash (used in) / provided by operating activities				-38,881,000					-115,932,000
net cash (used in) / provided by financing activities									-6,004,000
net (decrease) / increase in cash, cash equivalents and restricted cash				-246,419,000					-358,646,000
purchase and redemption of short-term investments and fixed-term deposits						-32,212,000
adjustments to reconcile net income to net cash from operating activities:																							22,035,000	22,035,000
share-based compensation																												4,461,000	4,461,000	4,460,942	4,476,000	4,486,000	4,474,000	4,474,000	4,278,049	4,267,000	4,384,000	859,000	859,000	1,169,273	1,046,000	1,103,000	882,000	882,000	442,089	523,000	393,000	1,344,000	1,344,000	274,951	912,000	508,000	1,993,000	1,993,000	150,201	411,000	604,000	628,000	628,000	592,401
depreciation of property, plant and equipment																												17,084,000	17,084,000	15,270,130	10,732,000	12,671,000	8,698,000	8,698,000	7,119,163	724,000	9,859,000	9,785,000	9,785,000	10,044,055	9,572,000	9,621,000	9,587,000	9,587,000	8,095,082	8,522,000	8,598,000	8,607,000	8,607,000	9,131,026	8,305,000	7,040,000	6,885,000	6,885,000	7,051,867	7,019,000	6,877,000	7,060,000	7,060,000	11,975,595
prepaid land use rights																														189,469	128,000	132,000	133,000	133,000	130,267	110,000	152,000	152,000	152,000	146,722	141,000	145,000	140,000	140,000	122,162	144,000	141,000	150,000	150,000	138,716	145,000	156,000	156,000	156,000	150,638	-574,000	98,000	949,000	949,000	299,549
loss on disposal of property plant and equipment
inventory write-down																												863,000	863,000	79,598	171,000																			422	0	0	62,000	62,000	-2,028	164,000				24,599,734
fair value change of short-term investments
long-lived assets impairment																																																												-173
allowance for expected credit loss
others
changes in operating assets and liabilities:
notes receivable																												1,166,000	1,166,000	-1,269,423	4,983,000	-8,881,000	7,556,000	7,556,000	14,995,847	-10,759,000	28,940,000	-21,154,000	-21,154,000	-1,481,067	-14,203,000	1,370,000	1,430,000	1,430,000
prepaid expenses and other current assets																												1,876,000	1,876,000	9,252,839	-11,093,000	-4,206,000	872,000	872,000	-1,282,699	-2,378,000	-1,137,000	98,000	98,000	-488,097	176,000	-813,000	2,024,000	2,024,000	-1,647,363	-260,000	1,204,000	4,119,000	4,119,000	3,039,465	1,170,000	-1,517,000	-2,662,000	-2,662,000	-1,196,276	4,321,000	1,757,000	5,336,000	5,336,000	-75,384
advances to suppliers																												-7,550,000	-7,550,000	6,573,996	602,000	-5,980,000	562,000	562,000	-1,141,816	-1,662,000	199,000	690,000	690,000	800,727	-1,663,000	-378,000	454,000	454,000	42,955	-737,000	-75,000	8,000	8,000	-143,639	847,000	-273,000	-166,000	-166,000	1,039,245	-751,000	2,658,000	-3,460,000	-3,460,000	693,247
inventories																												1,731,000	1,731,000	-14,970,212	-2,143,000	-1,491,000	-3,031,000	-3,031,000	3,358,519	11,371,000	-16,182,000	811,000	811,000	-1,857,834	-992,000	485,000	-3,888,000	-3,888,000	2,213,719	-5,402,000	998,000	-68,000	-68,000	1,240,731	-1,878,000	-1,116,000	131,000	131,000	1,620,058	449,000	287,000	-1,871,000	-1,871,000	-24,848,470
amounts due from related parties																																									-3,538,000	-1,021,000	1,203,000	1,203,000		2,699,000
accounts payable																												5,287,000	5,287,000	-8,036,920	9,781,000	1,417,000	499,000	499,000	-248,164	-6,818,000	-1,029,000	-1,354,000	-1,354,000	3,398,987	-2,870,000	-2,457,000	4,233,000	4,233,000	1,717,015	-908,000	897,000	680,000	680,000	1,113,811	-2,246,000	1,807,000	778,000	778,000	2,375,399	-2,141,000	-411,000	-299,000	-299,000	2,967,428
accrued expenses and other current liabilities																												-747,000	-747,000	-79,799	3,117,000	226,000	-320,000	-320,000	1,082,601	6,980,000	-6,754,000	-2,227,000	-2,227,000	4,311,599	1,768,000	-2,125,000	3,029,000	3,029,000	-94,121	-3,200,000	3,302,000	253,000	253,000	-129,955	1,045,000	-1,075,000	219,000	219,000	506,756	1,620,000	796,000	-1,245,000	-1,245,000	-378,054
income tax payable																												6,355,000	6,355,000	1,282,719	1,644,000	-4,230,000	698,000	698,000	1,844,938	-1,118,000	-6,041,000	-2,000,000	-2,000,000	4,886,601	1,409,000	-794,000	1,752,000	1,752,000	702,313	1,248,000	2,221,000	249,000	249,000	739,732	235,000	-250,000	216,000	216,000
advances from customers																												-21,644,000	-21,644,000	4,003,953	2,285,000	14,654,000	-2,880,000	-2,880,000	-8,368,963	-4,092,000	22,077,000	-7,540,000	-7,540,000	-300,888	5,861,000	9,338,000	-6,556,000	-6,556,000	3,643,845	808,000	-4,063,000	-523,000	-523,000	1,125,000	-1,398,000	-201,000	-1,577,000	-1,577,000	-3,200,090	-1,909,000	-1,281,000	-7,423,000	-7,423,000	819,658
amounts due to related parties																																									309,000	-136,000	411,000	411,000		254,000
deferred government subsidies																												-153,000	-153,000	260,411	-138,000	-145,000	-148,000	-148,000	-144,268	-105,000	-178,000	-178,000	-178,000	-171,011	-166,000	-169,000	-165,000	-165,000	-4,733	-78,000	-81,000	-175,000	-175,000				-170,000	-170,000	-174,301	488,000	-9,000	-39,000	-39,000	530,563
deferred taxes
purchases of land use rights
proceeds from disposal of land use rights
purchase of short-term investments																		-858,000	-858,000
redemption of short-term investments													8,167,000	8,167,000				272,501,000	272,501,000
purchase of fixed-term deposit
redemption of fixed term deposit
proceeds from bank borrowings																														31,611,620	39,012,000	55,746,000	51,856,000	51,856,000	28,023,512	14,626,000	-15,000	13,368,000	13,368,000	22,400,400	36,636,000	2,097,000	30,856,000	30,856,000	24,840,666	40,837,000				8,744,976	89,358,000	107,728,000	31,201,000	31,201,000	60,862,217	99,104,000				-31,763,520
repayment of bank borrowings																												-10,030,000	-10,030,000	-15,246,606	-23,960,000	-559,000	-34,788,000	-34,788,000	-21,078,936	-11,249,000	-11,293,000	-16,199,000	-16,199,000	-31,059,000	-43,141,000	-22,283,000	-14,517,000	-14,517,000	-25,513,480	-40,254,000	-47,430,000	-3,058,000	-3,058,000	-20,364,404	-89,819,000	-64,109,000	-46,319,000	-46,319,000	-67,493,136	-88,726,000	-18,856,000	-11,475,000	-11,475,000	7,628,803
proceeds from options exercised																																													102,586	560,000	285,000	104,000	104,000	-217	105,000	30,000	141,000	141,000	0
acquisition of minority interest of a subsidiary
payments for repurchase of common shares
proceeds from subsidiary’s follow-on offering of its equity interests, net of issuance costs paid of 9.4 million
subsidiary’s dividend payment
payments for repurchase of shares by subsidiary
proceeds from exercise of subsidiary’s stock options
effect of exchange rate changes on cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash at the beginning of the year																																						72,667,000	72,667,000
cash, cash equivalents and restricted cash at the end of the year																																						82,978,000	82,978,000
net cash (used in)/provided by operating activities
adjustments to reconcile net (loss)/income to net cash from operating activities
other non-current assets																																																									-1,000	5,000	5,000	-78,729
notes payable																												-11,277,000	-11,277,000	38,350,678	4,271,000	13,914,000	21,850,000	21,850,000	-2,918,999	-13,951,000	-3,026,000	5,691,000	5,691,000	-11,861,628	4,346,000	9,125,000	-823,000	-823,000												4,533,000	-1,697,000	24,268,000	24,268,000	-3,394,436
lease liability

purchase of long-term deposit
proceeds from related parties loans																														-133,629	8,617,000	10,423,000	1,482,000	1,482,000	-526,800	-17,691,000	35,149,000	17,900,000	17,900,000						27,865,842	29,027,000	45,630,000	23,878,000	23,878,000	35,317,818	88,595,000	86,343,000	35,702,000	35,702,000		115,855,000	67,691,000	46,438,000	46,438,000
repayment of related parties loans																														133,629	-8,617,000				526,800	17,599,000	-35,356,000	-17,601,000	-17,601,000						-45,289,137	-28,952,000	-50,014,000	-24,208,000	-24,208,000	-45,907,346	-127,611,000	-77,045,000	-26,012,000	-26,012,000		-127,134,000	-58,885,000	-56,714,000	-56,714,000
proceeds from subsidiary’s public offering of ordinary shares, net of issuance costs paid of 59 million
net cash (used in)/provided by financing activities
net (decrease)/increase in cash, cash equivalents and restricted cash
net cash (used in) / provided by investing activities														-268,891,000
less: loss from discontinued operations, net of tax
net income from continuing operations																				179,014,000	355,769,000	242,901,000	87,163,000	87,163,000	76,305,000	21,899,000	2,431,000	33,313,000	33,313,000	20,198,034	4,895,000	-2,694,000	5,864,000	5,864,000	17,141,582
accounts receivable																												-203,000	-203,000	113,813	-61,000	2,099,000	-989,000	-989,000	-1,238,597	-2,033,000	1,700,000	1,032,000	1,032,000	1,683,239	-732,000	9,406,000	-8,245,000	-8,245,000	-1,023,402	5,734,000	5,196,000	4,984,000	4,984,000	-3,423,283	-7,710,000	1,006,000	-272,000	-272,000	-1,771,917
operating lease right-of-use assets																															-79,000
net cash from operating activities-continuing operations																				-14,080,000	210,816,000	283,075,000	159,178,000	159,178,000	138,584,000	24,159,000	15,945,000	31,065,000	31,065,000	80,513,439	33,650,000	22,035,000	43,782,000	43,782,000
net cash from operating activities-discontinued operations																																	4,699,000	4,699,000
net cash from investing activities-continuing operations																				73,894,000	-600,339,000	-175,558,000	-79,891,000	-79,891,000	-38,145,000	-19,952,000	-47,302,000	-12,893,000	-12,893,000	-59,217,234	-57,520,000	-107,680,000	-38,867,000	-38,867,000
net cash from investing activities-discontinued operations																														-334,479			232,000
proceeds from sales of equity interest in the group's subsidiary
net cash from financing activities–continuing operations
net cash from financing activities–discontinued operations
non-cash transactions																												-10,028,000	-10,028,000
net cash from / (used in) financing activities																								31,740,000
net cash from / (used in) investing activities																			170,380,000
net cash from investing activities-discontinuing operations																												-14,000	-14,000
net cash from financing activities-continuing operations
less: income discontinued operations, net of tax
acquisition of xinjiang daqo investment																															-7,000
proceeds from subsidiary’s public offering of ordinary shares, net of issuance cost paid of 59 million
net cash from operation activities-discontinued operations																												15,000	15,000		146,000
(purchases)/maturities of short-term investment
net cash from financing activities – continuing operations																					778,695,000		31,740,000			-15,165,000					15,182,000	53,713,000	18,550,000
net cash from financing activities – discontinued operations																										0	9,963,000	-10,027,000	-10,027,000		128,000	411,000	-11,382,000	-11,382,000
less: income from discontinued operations, net of tax																												-86,000		-109,210		504,000	778,000	778,000	-5,693,045
net increase/(decrease) in cash, cash equivalents and restricted cash
net cash (used in) / provided by financing activities – continuing operations
net cash from / (used in) financing activities – continuing operations																								31,740,000
repayment of short-term investments
acquisition of xinjian daqo investment
proceeds from follow-on equity offering																																																		0	0	0	30,030,000	30,030,000	0
insurance costs for follow-on equity offering
proceeds from sales of equity interest in the group’s subsidiary
net cash from investing activities- discontinued operations
less: (loss) / income from discontinued operations, net of tax
net cash (used in) / provided by operation activities-discontinued operations
net cash (used in) / provided by investing activities- discontinued operations
cash received from minority investors
cash (used in) / received from other financing activities
net cash (used in) / provided by investing activities-discontinuing operations
net increase / (decrease) in cash, cash equivalents and restricted cash
non-cash lease expense																												20,000	20,000
amortization of prepaid land use right																												171,000	171,000
loss on disposal of property, plant and equipment																												301,000	301,000
amount due to related parties																												1,000	1,000	117,542	2,000	-1,000	-16,000	-16,000	-5,557,207	4,929,000	366,000	271,000	271,000									259,000	259,000	256,445	-4,962,000	3,480,000	3,404,000	3,404,000	-333,927	-22,000	0	-97,000	-97,000
deferred tax liabilities																												8,000	8,000		33,000	12,000	-40,000	-40,000
lease liabilities																												2,000	2,000		-13,000
purchase of land use right
repayment of short-term investment																																	22,224,000	22,224,000
cash received from exercise of options																												3,000	3,000							60,000	521,000	104,000	104,000
less: income / (loss) from discontinued operations, net of tax																													-86,000
depreciation of right-of-use assets
deferred tax assets																																																												203,502
right of use assets
purchase of short-term investment
proceeds from follow-on offering																																				0
issuance cost																																				0
paid-in capital received from non-controlling interests
amount due from related parties																																					-2,204,000	5,056,000	5,056,000									-1,192,000	-1,192,000	2,182,362	7,880,000	2,257,000	-6,838,000	-6,838,000	-3,434,756	2,585,000	950,000	2,093,000	2,093,000	-1,841,965
right-of-use assets
investment in an affiliate																																														0	0	-188,000	-188,000
depreciation of operating lease right-of-use assets																															17,000
withdraw/ (purchase) of short-term investment
proceeds from exercise of options																															130,000
net cash provided by/ (used in) investing activities-discontinued operations
net (decrease)/ increase in cash, cash equivalents and restricted cash
withdraw of short-term investment
proceeds from disposal of investment																																	642,000	642,000
net cash provided by/(used in) investing activities-discontinued operations																																		232,000
net cash provided by/(used in) financing activities – continuing operations																																		18,550,000
net cash provided by/(used in) financing activities																																		7,168,000
disposal of assets loss
net cash from operating activities – continuing operations
net cash from operating activities – discontinued operations
net cash from investing activities – continuing operations
net cash from investing activities – discontinued operations
reversal of allowance for doubtful accounts																																								250
investment accounted for under cost-method
decrease in restricted cash																																								8,772,347	-856,000												4,858,000					-6,642,000
net increase in cash and cash equivalents																																								19,773,127	10,460,000	-14,208,000	28,664,000	28,664,000	-5,642,533	-8,029,000	13,310,000	1,859,000	1,859,000	-13,465,472	-30,683,000	43,800,000	7,770,000	7,770,000	-5,543,464	-46,708,000	50,618,000	871,000	871,000	-2,939,940
cash and cash equivalents at the beginning of the year																																																							0					24
cash and cash equivalents at the end of the year
proceeds from disposition of nanjing daqo																																																		85	0	0	5,110,000	5,110,000
purchase of cost method investment
purchase and retirement of treasury shares
capital injection from non-controlling shareholders
effect of exchange rate changes on cash and cash equivalents																																								1,349,276	783,000	209,000	107,000	107,000
loss on disposal of assets																																									1,000	0	23,000	23,000
investment accounted for under the cost-method
proceeds from related party loans																																									12,563,000	6,873,000	32,824,000	32,824,000
repayment of related party loans																																									-12,764,000	-26,878,000	-32,687,000	-32,687,000
cash received from exercises of options																																									513,000	272,000	3,000	3,000
cash and cash equivalents at the beginning of the period																																									0	0	15,987,000	15,987,000		0	0	14,490,000	14,490,000		0	0	7,068,000	7,068,000		0	0	7,831,000	7,831,000
cash and cash equivalents at the end of the period																																									10,460,000	-14,208,000	44,651,000	44,651,000		-8,029,000	13,310,000	16,349,000	16,349,000		-30,683,000	43,800,000	14,838,000	14,838,000		-46,708,000	50,618,000	8,702,000	8,702,000
provision/(reversal) of allowance for doubtful accounts
decrease/(increase) in restricted cash
increase in restricted cash																																											-574,000	-574,000	-9,092,464	5,606,000	5,590,000	-168,000	-168,000						-4,855,181					-230,365
allowance (reversal) for doubtful accounts
accounts receivables																																																								171,000	-257,000	6,633,000	6,633,000
notes receivables																																																								-3,354,000	425,000	-18,112,000	-18,112,000
issuance cost for follow-on equity offering																																																			0	0	-2,033,000	-2,033,000
repurchase stock
proceeds from the sale of ownership interests by xinjiang daqo
adjustments to reconcile net income to net cash provided by operating activities:
provision of allowance for doubtful accounts
note receivables																																													3,586,140	-2,276,000	10,131,000	-14,076,000	-14,076,000	4,316,166	20,562,000	10,101,000	1,919,000	1,919,000
note payables																																													3,838,006	-13,609,000
insurance cost for follow-on equity offering																																																							-8,589
capital injection from noncontrolling shareholders
allowance / (reversal) for doubtful accounts																																														-214,000										-336,000	-1,449,000	-1,837,000	-1,837,000
gain on disposal of assets
proceeds from the issuance of additional ownership interests by xinjiang daqo
effect of exchange rate changes on cash and cash equivalent																																														-40,000
allowance for doubtful accounts																																																-375,000	-375,000	-1,202,567	-861,000	-139,000	176,000	176,000						1,252,019
notes payables																																																9,884,000	9,884,000		7,952,000	10,115,000	-4,094,000	-4,094,000
net cash from (provided by) financing activities																																																-3,284,000	-3,284,000
repayments of related parties loans
repayments of bank borrowings
repurchase of stocks
decrease in cash on deconsolidation of daqo new material
other long-term liabilities																																																			387,000
(increase) in restricted cash
net cash (used in) investing activities
(increase)/decrease in restricted cash
decrease (increase) in restricted cash																																																						4,858,000
gain on disposition of nanjing daqo
loss on disposal of property
plant and equipment
allowance (reversal of allowance) for bad debts
advances from related parties
repayment of amounts due to related parties
cash and cash equivalents at the end of september 30
adjustments to reconcile net loss to net cash from operating activities:
proceeds from exercise of option
net proceeds from follow-on offering																																																								0
net income /																																																											2,630,000
(increase) / decrease in restricted cash																																																											-6,642,000
proceeds from other borrowings
proceeds from other bank borrowings																																																										6,462,000	6,462,000
proceeds from short-term bank borrowings																																																										11,475,000	11,475,000
gains on disposition of nanjing daqo
disposition of nanjing daqo, net of cash disposed
accrued warranty cost
amount due to related party
interest free loan to related parities
repayment of related parities loans
repayment of other borrowings
options exercised
other long term liabilities
cash received from related parties
cash and cash equivalents by september 30
increase/(decrease) in restricted cash
prepayment to related party for purchase of equipment
interest free loan to related parties
cash paid to related parties
advance from related party
cash proceeds from issuance of ordinary shares, net off commission
issuance cost for ordinary shares
cash paid to related parities
cash proceeds from issuance of series a convertible redeemable preferred shares
issuance expenses paid for the series a convertible redeemable preferred shares
cash proceeds from issuance of ordinary share, net off commission
capital contribution from ordinary shareholders
deferred income taxes
lease expenses of land use rights
cash consolidated from variable interest entity
proceeds from other long-term borrowings
repayment of other long-term borrowings

Daqo New Energy Corp(NYSE:DQ)

Daqo New Energy Corp
(NYSE:DQ)