Xinjiang Daqo New EnergyLtd Third Quarter 2024 Earnings: CN¥0.20 loss per share (vs CN¥0.32 profit in 3Q 2023)

Xinjiang Daqo New EnergyLtd (SHSE:688303) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.42b (down 60% from 3Q 2023).
• Net loss: CN¥429.0m (down by 162% from CN¥688.9m profit in 3Q 2023).
• CN¥0.20 loss per share (down from CN¥0.32 profit in 3Q 2023).

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

Xinjiang Daqo New EnergyLtd Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% 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

You still need to take note of risks, for example - Xinjiang Daqo New EnergyLtd has 2 warning signs we think you should be aware of.

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