Board Change • 6h
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Deputy CEO & Director Xu Xiaoyu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Daqo New Energy Corp. Provides Production Guidance for the Second Quarter and for Full Year 2026 Daqo New Energy Corp. provided production guidance for the second quarter and for full year 2026. For the quarter, the company expects to produce approximately 35,000MT to 40,000MT. For the year, the expects to produce approximately 140,000MT to 170,000MT. Announcement • Apr 16
Daqo New Energy Corp. to Report Q1, 2026 Results on Apr 29, 2026 Daqo New Energy Corp. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Announcement • Feb 26
Daqo New Energy Corp. Provides Production Guidance for the First Quarter and for Full Year 2026 Daqo New Energy Corp. provided production guidance for the first quarter and for full year 2026. For the quarter, the company expects to produce approximately 35,000MT to 40,000MT.
For the year, the expects to produce approximately 140,000MT to 170,000MT. Announcement • Feb 12
Daqo New Energy Corp. to Report Q4, 2025 Results on Feb 26, 2026 Daqo New Energy Corp. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Announcement • Nov 19
Daqo New Energy Corp., Annual General Meeting, Dec 12, 2025 Daqo New Energy Corp., Annual General Meeting, Dec 12, 2025, at 10:00 China Standard Time. Location: daqo new energy corp shanghai office, 29th floor huadu building no. 838, zhangyang road, pudong district, shanghai 200122., China Announcement • Oct 27
Daqo New Energy Corp. Provides Production Guidance for the Fourth and Full Year of 2025 Daqo New Energy Corp. provided production guidance for the fourth and full year of 2025. The company expects total polysilicon production volume in the fourth quarter of 2025 to be approximately 39,500 MT to 42,500 MT.
As a result, the company anticipates full year 2025 production volume to be in the range of 121,000 MT to 124,000 MT. Announcement • Oct 13
Daqo New Energy Corp. to Report Q3, 2025 Results on Oct 27, 2025 Daqo New Energy Corp. announced that they will report Q3, 2025 results Pre-Market on Oct 27, 2025 Announcement • Aug 12
Daqo New Energy Corp. to Report Q2, 2025 Results on Aug 26, 2025 Daqo New Energy Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 26, 2025 Announcement • Apr 29
Daqo New Energy Corp. Provides Production Guidance for the Second Quarter and Full Year of 2025 Daqo New Energy Corp. provided production guidance for the second quarter and full year of 2025. The company expects to produce approximately 25,000 MT to 28,000 MT of polysilicon during the second quarter of 2025.
The company expects to produce approximately 110,000 MT to 140,000 MT of polysilicon for the full year of 2025, inclusive of the impact of the Company's annual facility maintenance. Announcement • Apr 15
Daqo New Energy Corp. to Report Q1, 2025 Results on Apr 29, 2025 Daqo New Energy Corp. announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Announcement • Feb 27
Daqo New Energy Corp. Provides Production Guidance for the First Quarter and for Full Year 2025 Daqo New Energy Corp. provided production guidance for the first quarter and for full year 2025. For the quarter, the company expects to produce approximately 25,000MT to 28,000MT of polysilicon during the first quarter of 2025.
For the year, the expects to produce approximately 110,000MT to 140,000MT of polysilicon for the full year of 2025, inclusive of the impact of the Company's annual facility maintenance. Announcement • Feb 12
Daqo New Energy Corp. to Report Q4, 2024 Results on Feb 27, 2025 Daqo New Energy Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Announcement • Nov 13
Daqo New Energy Corp., Annual General Meeting, Dec 10, 2024 Daqo New Energy Corp., Annual General Meeting, Dec 10, 2024, at 10:00 China Standard Time. Location: shanghai office, 29th floor, huadu building, no. 838, zhangyang road, pudong district, 200122, shanghai China Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.92 loss per share (vs US$0.085 loss in 3Q 2023) Third quarter 2024 results: US$0.92 loss per share (further deteriorated from US$0.085 loss in 3Q 2023). Revenue: US$198.5m (down 59% from 3Q 2023). Net loss: US$60.7m (loss widened US$54.4m from 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Oct 30
Daqo New Energy Promotes Xiaoyu Xu as Deputy Chief Executive Officer Daqo New Energy Corp. announced the appointment of Ms. Xiaoyu Xu as Deputy Chief Executive Officer of the Company, effective October 30, 2024. Ms. Xiaoyu Xu has served as the Company's Investor Relations Director and Board Secretary since May 2023 and as a Director since November 2023. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a focus on finance, from the Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in business administration from the Haas School of Business at the University of California, Berkeley. Ms. Xiaoyu Xu is the daughter of Mr. Xiang Xu, Chairman and CEO of Daqo New Energy. Announcement • Oct 15
Daqo New Energy Corp. to Report Q3, 2024 Results on Oct 30, 2024 Daqo New Energy Corp. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 New Risk • Oct 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 27
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$219.9m (down 66% from 2Q 2023). Net loss: US$119.8m (down 215% from profit in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • Aug 26
Daqo New Energy Corp. Provides Production Guidance for the Third Quarter and Full Year of 2024 Daqo New Energy Corp. provided production guidance for the third quarter and full year of 2024. For the quarter, the company expects total polysilicon production volume to be approximately 43,000 MT to 46,000 MT, as started maintenance and lowered production utilization rate to support pricing and reduce cash burn.
For the year, company anticipates full year production volume to be in the range of 210,000 MT to 220,000 MT. Announcement • Aug 12
Daqo New Energy Corp. to Report Q2, 2024 Results on Aug 26, 2024 Daqo New Energy Corp. announced that they will report Q2, 2024 results Pre-Market on Aug 26, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 73% over the past three years. Announcement • Jul 22
Daqo New Energy Corp. (NYSE:DQ) announces an Equity Buyback for $100 million worth of its shares. Daqo New Energy Corp. (NYSE:DQ) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its issued and outstanding ordinary shares or American depositary shares. The company expects to fund the repurchase primarily out of its potentially available cash, as well as its existing cash balance. The program is valid till June 30, 2025. Buy Or Sell Opportunity • Jul 02
Now 51% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to €13.65. The fair value is estimated to be €27.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €14.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.95 per share. Buy Or Sell Opportunity • Jun 26
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to €15.55. The fair value is estimated to be €20.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €21.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.21 per share. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €17.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total loss to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.50 per share. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$1.18 (vs US$3.56 in 1Q 2023) First quarter 2024 results: EPS: US$1.18 (down from US$3.56 in 1Q 2023). Revenue: US$415.3m (down 42% from 1Q 2023). Net income: US$15.5m (down 95% from 1Q 2023). Profit margin: 3.7% (down from 39% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Daqo New Energy Corp. Provides Production Guidance for the Second Quarter and Full Year of 2024 Daqo New Energy Corp. provided production guidance for the second quarter and full year of 2024. For the quarter company expects total polysilicon production volume to be approximately 60,000 MT to 63,000 MT, similar to that of first quarter 2024 as the Company maintains full production. Company expect to finish construction and begin initial pilot production at new Inner Mongolia Phase 5B facility in Second quarter 2024 and expect to ramp up to full production level by the end of third quarter 2024.For the year, company anticipates full year production volume to be in the range of 280,000 MT to 300,000 MT, approximately 40% to 50% higher than that of 2023. With more than 15 years of experience in polysilicon production, as well as a fully digitalized and integrated production system that optimizes operational efficiency, will continue to increase N-type production in the product mix. Announcement • Apr 17
Daqo New Energy Corp. to Report Q1, 2024 Results on Apr 29, 2024 Daqo New Energy Corp. announced that they will report Q1, 2024 results Pre-Market on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €21.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total loss to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.04 per share. Announcement • Feb 29
Daqo New Energy Corp. Provides Production Guidance for the First Quarter and Full Year of 2024 Daqo New Energy Corp. provided production guidance for the first quarter and full year of 2024. The Company expects to produce approximately 60,000MT to 62,000MT of polysilicon during the first quarter of 2024. The Company expects to produce approximately 280,000MT to 300,000MT of polysilicon for the full year of 2024, inclusive of the impact of the Company’s annual facility maintenance. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$5.64 (vs US$23.99 in FY 2022) Full year 2023 results: EPS: US$5.64 (down from US$23.99 in FY 2022). Revenue: US$2.31b (down 50% from FY 2022). Net income: US$421.2m (down 77% from FY 2022). Profit margin: 18% (down from 40% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Feb 21
Daqo New Energy Corp. to Report Q4, 2023 Results on Feb 28, 2024 Daqo New Energy Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (26% net profit margin). Announcement • Nov 15
Daqo New Energy Corp. Appoints Xiaoyu Xu as A Director Daqo New Energy Corp. announced the appointment of Ms. Xiaoyu Xu as a director of the company, effective November 13, 2023. Ms. Xiaoyu Xu joined the company in May 2023 as Investor Relations Director and Board Secretary. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a concentration in finance from the Wharton School at the University of Pennsylvania, and a Bachelor of Science degree in business administration from the Haas School of Business at the University of California, Berkeley. Ms. Xiaoyu Xu is the daughter of Mr. Xiang Xu, Chairman and CEO of Daqo New Energy. Reported Earnings • Nov 01
Third quarter 2023 earnings released: US$0.085 loss per share (vs US$4.28 profit in 3Q 2022) Third quarter 2023 results: US$0.085 loss per share (down from US$4.28 profit in 3Q 2022). Revenue: US$484.8m (down 60% from 3Q 2022). Net loss: US$6.31m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Semiconductor industry in Germany. Announcement • Oct 31
Daqo New Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023 Daqo New Energy Corp. provided production guidance for the fourth quarter and full year 2023. For the fourth quarter, the company expected total polysilicon production volume to be approximately 59,000 MT to 62,000 MT, a continued increase over third quarter levels.For the full year, the company production is expected to be approximately 196,000 MT to 199,000 MT, representing an increase of 46% to 49% compared to 2022. Announcement • Oct 17
Daqo New Energy Corp. to Report Q3, 2023 Results on Oct 30, 2023 Daqo New Energy Corp. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023 New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (30% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Announcement • Sep 19
Daqo New Energy Corp., Annual General Meeting, Oct 20, 2023 Daqo New Energy Corp., Annual General Meeting, Oct 20, 2023, at 10:00 China Standard Time. Location: New Energy Corp.Shanghai Office, 29th Floor, Huadu Building, No. 838, Zhangyang Road Pudong District Shanghai China Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$6.76 (vs US$8.36 in 2Q 2022) Second quarter 2023 results: EPS: US$6.76 (down from US$8.36 in 2Q 2022). Revenue: US$636.7m (down 49% from 2Q 2022). Net income: US$103.7m (down 84% from 2Q 2022). Profit margin: 16% (down from 51% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Announcement • Jul 29
Daqo New Energy Corp. Appoints Guoqing Chen as an Independent Director Daqo New Energy Corp. announced the appointment of Mr. Guoqing Chen as an independent director of the Company, effective on July 28, 2023. With the inclusion of Mr. Guoqing Chen, the Company has an independent majority on its board, as 6 out of its 11 directors are now independent directors. Mr. Guoqing Chen has served as the head of Shanghai Horizon Economic Research Institute since 2002. He is also the chair professor at Shanghai National Accounting Institute and the deputy director at the China Management Accounting System Research Center of Shanghai University of Finance and Economics. Mr. Chen currently serves as the chairman of Horizon International Financial Management Consulting (Shanghai) Co. Ltd., and Shanghai Horizon Value Management Software Co. Ltd. He is also an independent director at Heilongjiang Longmay Mining Group Co. Ltd., and Hongxing Xuan Paper Co. Ltd., as well as a director at Jilin Provincial Coal Industry Group Co. Ltd., and Jilin Province State-Owned Capital Operation Co. Ltd. Announcement • Jun 16
Daqo New Energy's New Phase 5A Facility in Inner Mongolia Reaches Full Production Capacity Daqo New Energy Corp. announced that its new Phase 5A polysilicon 100,000 MT production facility in Baotou city, Inner Mongolia, has reached full production capacity. With the addition of Phase 5A, the Company's total annual nameplate production capacity has expanded to 205,000 MT. Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$709.8m (down 45% from 1Q 2022). Net income: US$278.8m (down 48% from 1Q 2022). Profit margin: 39% (down from 42% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €49.30, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 4.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €29.41 per share. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$24.51 (vs US$10.14 in FY 2021) Full year 2022 results: EPS: US$24.51 (up from US$10.14 in FY 2021). Revenue: US$4.61b (up 175% from FY 2021). Net income: US$1.86b (up 148% from FY 2021). Profit margin: 40% (down from 45% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.5% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.8%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €44.40, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 19% share price gain to €55.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total loss to shareholders of 13% over the past year. Announcement • Nov 09
Daqo New Energy Corp. (NYSE:DQ) announces an Equity Buyback for $700 million worth of its shares. Daqo New Energy Corp. (NYSE:DQ) announces a share repurchase program. Under the program, the company will repurchase up to $700 million worth of its issued and outstanding ordinary shares or American depositary shares. The company expects to fund the repurchase primarily out of its potentially available cash, as well as its existing cash balance. The program is valid till December 31, 2023. Announcement • Oct 29
Daqo New Energy Corp., Annual General Meeting, Dec 09, 2022 Daqo New Energy Corp., Annual General Meeting, Dec 09, 2022, at 10:00 China Standard Time. Location: Daqo New Energy Corp.Shanghai Office, 29th Floor, Huadu Building, No. 838 Zhangyang Road, Pudong District, Shanghai 200122 Shanghai China Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$1.22b (up 108% from 3Q 2021). Net income: US$323.4m (up 11% from 3Q 2021). Profit margin: 27% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.6%. Announcement • Oct 28
Daqo New Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year of 2022 Daqo New Energy Corp. provided production guidance for the fourth quarter and full year of 2022. For quarter, the company expects to produce approximately 30,000 MT to 32,000 MT of polysilicon.For the full year, the company expects to produce approximately 130,000 MT to 132,000 MT of polysilicon. Announcement • Oct 13
Daqo New Energy Corp. to Report Q3, 2022 Results on Oct 27, 2022 Daqo New Energy Corp. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 27, 2022 Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to €73.20, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €42.15 per share. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$8.36 (vs US$3.15 in 2Q 2021) Second quarter 2022 results: EPS: US$8.36 (up from US$3.15 in 2Q 2021). Revenue: US$1.24b (up 182% from 2Q 2021). Net income: US$627.8m (up 171% from 2Q 2021). Profit margin: 51% (down from 53% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.9%, compared to a 14% growth forecast for the industry in Germany. Announcement • Aug 04
Daqo New Energy Corp. Provides Production Guidance for the Third Quarter of 2022 and Full Year of 2022 Daqo New Energy Corp. provided production guidance for the third quarter of 2022 and full year of 2022. The company expects to produce approximately 31,000MT to 32,000MT of polysilicon in the third quarter of 2022.For the year, the company expected to produce approximately 129,000MT to 132,000MT of polysilicon in the full year 2022, inclusive of the impact of the company's annual facility maintenance. Board Change • Jul 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. Director Fei Ge was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
Daqo New Energy Corp. to Report Q2, 2022 Results on Aug 03, 2022 Daqo New Energy Corp. announced that they will report Q2, 2022 results Pre-Market on Aug 03, 2022 Announcement • Jul 09
Daqo New Energy Corp. Provides Preliminary Estimates of Net Profit for the First Half of 2022 Daqo New Energy Corp. provided preliminary estimates of net profit for the first half of 2022. For the first half, the company estimates that its net profit attributable to the company shareholders in the first half of 2022 would be in the range of RMB 9.4 - 9.6 billion, representing a 335.03%~344.28% increase as compared to net profit attributable to Xinjiang Daqo's shareholders of RMB 2.16 billion in the first half of 2021. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 22% share price gain to €69.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €38.02 per share. Announcement • Jun 09
Daqo New Energy Announces Appointments of Vice Chairman and New Director Daqo New Energy Corp. announced the appointments of Mr. Xiang Xu as the Vice Chairman of the board of directors and Mr. Fei Ge as a new director of the Company, effective on June 8, 2022. Mr. Xiang Xu has been serving as a director of the Company since its initial public offering and he is also the chair of the corporate governance and nominating committee of the Company. Mr. Fei Ge is the Executive President of Daqo Group and is responsible for technology innovation and digitalized manufacturing. Mr. Ge served as a director of the Company from its initial public offering until February 2013. Mr. Ge holds an MBA degree from Nanjing University. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 16% share price gain to €51.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €37.01 per share. Announcement • Jun 02
Daqo New Energy Corp. (NYSE:DQ) announces an Equity Buyback for $120 million worth of its shares. Daqo New Energy Corp. (NYSE:DQ) announces a share repurchase program. Under the program, the company will repurchase up to $120 million worth of its issued and outstanding ordinary shares or American depositary shares. The program is valid till May 31, 2023. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 16% share price gain to €43.20, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total loss to shareholders of 33% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €58.95 per share. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. Director Dafeng Shi was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buying Opportunity • Apr 23
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €48.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 75% over the last 3 years. Earnings per share has grown by 113%. For the next 3 years, revenue is forecast to decline by 8.8% per annum. Earnings is also forecast to decline by 30% per annum over the same time period. Announcement • Apr 22
Daqo New Energy Corp. Provides Production Guidance for the Second Quarter of 2022 and Full Year of 2022 Daqo New Energy Corp. provided production guidance for the second quarter of 2022 and full year of 2022. For the quarter, the company expected to produce approximately 32,000 MT to 34,000 MT of polysilicon.For the year, the company expected to produce approximately 120,000 MT to 125,000 MT of polysilicon. Announcement • Apr 13
Daqo New Energy Corp. to Report Q1, 2022 Results on Apr 21, 2022 Daqo New Energy Corp. announced that they will report Q1, 2022 results Pre-Market on Apr 21, 2022 Buying Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €51.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 106%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is forecast to decline by 5.9% per annum over the same time period. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$10.14 (vs US$1.82 in FY 2020) Full year 2021 results: EPS: US$10.14 (up from US$1.82 in FY 2020). Revenue: US$1.68b (up 149% from FY 2020). Net income: US$748.9m (up 479% from FY 2020). Profit margin: 45% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 84%, compared to a 16% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €36.00, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total loss to shareholders of 53% over the past year. Announcement • Mar 03
Daqo New Energy Corp. Provides Production Guidance for the First Quarter of 2022 and Full Year of 2022 Daqo New Energy Corp. provided production guidance for the first quarter of 2022 and full year of 2022. For the first quarter 2022, the company expects to produce approximately 31,000 MT to 32,000 MT of polysilicon. For the full year of 2022, the company expects to produce approximately 120,000 MT to 125,000 MT of polysilicon, inclusive of the impact of the company's annual facility maintenance. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$1.68b (up 149% from FY 2020). Net income: US$756.2m (up 485% from FY 2020). Profit margin: 45% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 50%, compared to a 15% growth forecast for the industry in Germany. Announcement • Feb 19
Daqo New Energy Corp. to Report Q4, 2021 Results on Feb 28, 2022 Daqo New Energy Corp. announced that they will report Q4, 2021 results Pre-Market on Feb 28, 2022 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €39.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 25x in the Semiconductor industry in Germany. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$585.8m (up 367% from 3Q 2020). Net income: US$292.3m (up US$271.6m from 3Q 2020). Profit margin: 50% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 17% share price gain to €56.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 30x in the Semiconductor industry in Germany. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS US$3.15 (vs US$0.035 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$441.4m (up 231% from 2Q 2020). Net income: US$232.1m (up US$229.7m from 2Q 2020). Profit margin: 53% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Aug 19
Daqo New Energy Corp. Provides Production Guidance for the Year 2021 Daqo New Energy Corp. provided production guidance for the year 2021. For the year, the company raises its production guidance from the previous level of 81,000 to 83,000 MT to the level of approximately 83,000 to 85,000 MT of polysilicon for the full year, inclusive of the impact of the Company's annual facility maintenance. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$42.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 33x in the Semiconductor industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €39.26 per share. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 25% share price decline to US$44.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 32x in the Semiconductor industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €37.57 per share. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$43.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 36x in the Semiconductor industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €36.24 per share. Announcement • May 19
Daqo New Energy Corp. Raises Production Guidance for the Full Year of Fiscal 2021 Daqo New Energy Corp. raised production guidance for the full year of fiscal 2021. For the year, the company raised guidance for annual production volume to the range of 81,000 MT to 83,000 MT from 80,000 MT to 81,000 MT. Reported Earnings • May 19
First quarter 2021 earnings released: EPS US$1.14 (vs US$0.48 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$256.1m (up 52% from 1Q 2020). Net income: US$83.2m (up 150% from 1Q 2020). Profit margin: 33% (up from 20% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS US$1.82 (vs US$0.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$675.6m (up 93% from FY 2019). Net income: US$129.3m (up 358% from FY 2019). Profit margin: 19% (up from 8.1% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$55.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 40x in the Semiconductor industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €83.36 per share. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to US$58.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 39x in the Semiconductor industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €85.46 per share. Reported Earnings • Mar 10
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$675.6m (up 93% from FY 2019). Net income: US$129.3m (up 358% from FY 2019). Profit margin: 19% (up from 8.1% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 58%, compared to a 17% growth forecast for the Semiconductor industry in Germany. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$73.50, the stock is trading at a trailing P/E ratio of 78.9x, down from the previous P/E ratio of 92.8x. This compares to an average P/E of 79x in the Semiconductor industry in Germany. Announcement • Mar 05
Daqo New Energy Corp. Announces Three-Year High-Purity Polysilicon Supply Agreement with Wuxi Shangji Automation Daqo New Energy Corp. announced that it signed a three-year high-purity polysilicon supply agreement with Wuxi Shangji Automation. Shangji started its mono-wafer manufacturing business in 2019 and has quickly been recognized as a high-quality mono-wafer provider. Under the supply agreement, Daqo New Energy will provide Shangji with high-purity mono-grade polysilicon in a total amount of 52,700 MT between July 2021 and June 2024. Actual prices will be negotiated by both parties monthly according to market conditions. As part of the supply agreement, Shangji will make an advance payment to Daqo New Energy. Announcement • Mar 03
Daqo New Energy Corp. Announces Three-Year High-Purity Polysilicon Supply Agreement with Zhonghuan Semiconductor Daqo New Energy Corp. announced that it has signed a three-year high-purity polysilicon supply agreement with Zhonghuan Semiconductor for its solar wafer business. Under the supply agreement, Daqo New Energy will provide Zhonghuan with high-purity mono-grade polysilicon in a total amount of 41,000 MT over three years from 2021 to 2023. Actual prices will be negotiated by both parties monthly according to market conditions. As part of the supply agreement, Zhonghuan will make an advance payment to Daqo New Energy. 
