During the corresponding time, Daqo New Energy Corp saw a revenue deteriorated by -35.34 % year on year, While revenue at the Daqo New Energy Corp 's corporate clients
Daqo New Energy's Comment on Sales, Marketing and Customers
We currently sell polysilicon to China-based photovoltaic product manufacturers. Our major polysilicon customers included operating entities of Longi, JA Solar and Shangji Automations.
We sell a substantial portion of our polysilicon to a limited number of customers. Our top three customers in aggregate accounted for 81.6%, 83.4% and 61.4% of our continuing operations? total revenues in 2019, 2020 and 2021, respectively.
The majority of our polysilicon sales are made under framework contracts. The framework contracts typically provide binding terms for the sales volumes of our polysilicon. The pricing terms are typically agreed upon between us and our customers based on the prevailing market prices when specific sales orders are made.
We have established nationwide marketing capability through our sales team in China. Each member of our sales team is dedicated to a particular region. Our sales team attends domestic and international industrial conferences and trade fairs and organizes advertising and public relations events. Our sales and marketing team works closely with both our research and development team and our production team to coordinate our ongoing supply and demand planning.
Daqo New Energy’s Comment on Sales, Marketing and Customers
We currently sell polysilicon to China-based photovoltaic product manufacturers. Our major polysilicon customers included operating entities of Longi, JA Solar and Shangji Automations.
We sell a substantial portion of our polysilicon to a limited number of customers. Our top three customers in aggregate accounted for 81.6%, 83.4% and 61.4% of our continuing operations? total revenues in 2019, 2020 and 2021, respectively.
The majority of our polysilicon sales are made under framework contracts. The framework contracts typically provide binding terms for the sales volumes of our polysilicon. The pricing terms are typically agreed upon between us and our customers based on the prevailing market prices when specific sales orders are made.
We have established nationwide marketing capability through our sales team in China. Each member of our sales team is dedicated to a particular region. Our sales team attends domestic and international industrial conferences and trade fairs and organizes advertising and public relations events. Our sales and marketing team works closely with both our research and development team and our production team to coordinate our ongoing supply and demand planning.
Sources:
Daqo New Energy Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Daqo New Energy Corp’s corporate clients.
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