12.24
-3.24%
Close of 9 Nov 2026, in USD
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About Daqo New Energy
Its shares trade under the ticker DQ. It has been listed since 7 October 2010. In the fiscal year to 31 December 2025, it reported revenue of $665.4m and a net loss of $170.5m. At that date it held total assets of $6.45bn and shareholders' equity of $4.41bn.
Daqo New Energy Corp. is a holding company, which engages in the manufacture and sale of polysilicon products for the solar cell and module manufacturers. The company is headquartered in Chongqing, Chongqing. The company went IPO on 2010-10-07. The firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The firm's segments include Polysilicon and Wafer. The firm manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The firm offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The firm offers wafers through its downstream photovoltaic product manufacturing business. The firm also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The firm's wafer manufacturing annual capacity is approximately 90 million pieces.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Listed since
- 7 Oct 2010
- Employees
- 3,842
- Website
- dqsolar.com ↗
- Head office
- 666 LONGDU AVENUE, WANZHOU, CHONGQING
- Incorporated in
- E9
- Classification
- Semiconductors & Related Devices
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Xiang XuChairman of the Board of Directors, Chief Executive Officer
- Ms. Xiaoyu XuDeputy Chief Executive Officer, Director, since 2023
- Mr. Ming YangChief Financial Officer
- Mr. Fei GeDirector, since 2022
- Mr. Dafeng ShiDirector, since 2013
- Mr. Guangfu XuDirector, since 2023
- Mr. Guoqing ChenIndependent Director
- Mr. Rongling ChenIndependent Director
- Dr. Mingsong LiangIndependent Director
- Mr. Arthur WongIndependent Director
- Mr. Shuming ZhaoIndependent Director
- Mr. Fumin ZhuoIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 68
- Environment
- 58
- Social
- 80
- Governance
- 66
- Direct emissions (scope 1)
- 289.62 t
- Energy emissions (scope 2)
- 7,478,904.62 t
- Women in the workforce
- 12.51431%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Reputation: Daqo New Energy Corp has built a strong reputation as a leading manufacturer and supplier of high-quality polysilicon products.
- Cost Efficiency: The company benefits from economies of scale and efficient production processes, allowing them to achieve cost advantages and offer competitive pricing.
- Vertical Integration: Daqo New Energy Corp controls the entire value chain, from upstream polysilicon production to downstream module manufacturing, enabling greater control over supply, quality, and costs.
Weaknesses
- Dependence on Solar Industry: Daqo New Energy Corp is heavily dependent on the solar industry, making it vulnerable to fluctuations in demand and market conditions.
- Limited Geographic Diversification: The company primarily operates in China, which exposes them to specific regional risks and regulations, limiting their global market reach.
- Relatively Small Scale: Compared to some of its larger competitors, Daqo New Energy Corp may face challenges in expanding production capacity and gaining market share.
Opportunities
- Growing Global Solar Energy Demand: Increasing environmental concerns and government initiatives to promote renewable energy create opportunities for Daqo New Energy Corp in expanding its customer base.
- Technological Advancements: Rapid advancements in solar technology, such as improved efficiency and lower costs, present opportunities for the company to enhance its product offerings and gain a competitive edge.
- Expansion into New Markets: Daqo New Energy Corp can explore entering new markets or expanding its presence in regions with high solar energy potential, diversifying its customer base and reducing dependence on a single market.
Threats
- Intense Competition: The solar industry faces fierce competition from domestic and international players, which may impact Daqo New Energy Corp's market share and pricing power.
- Regulatory Changes: Changes in government policies, tariffs, and regulations related to the solar industry could impact the company's operations, profitability, and market access.
- Price Volatility: Fluctuations in raw material prices, particularly polysilicon, can impact Daqo New Energy Corp's production costs and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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