Xinjiang Daqo New EnergyLtd Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Xinjiang Daqo New EnergyLtd (SHSE:688303) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥7.41b (down 55% from FY 2023).
• Net loss: CN¥2.72b (down by 147% from CN¥5.76b profit in FY 2023).
• CN¥1.27 loss per share (down from CN¥2.70 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Xinjiang Daqo New EnergyLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Xinjiang Daqo New EnergyLtd that you need to take into consideration.

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