Daqo New Energy Corp   (DQ)
Other Ticker:  
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
Price: $16.7300 $-0.84 -4.781%
Day's High: $17.64 Week Perf: 0.48 %
Day's Low: $ 16.63 30 Day Perf: -0.71 %
Volume (M): 588 52 Wk High: $ 40.13
Volume (M$): $ 9,831 52 Wk Avg: $24.67
Open: $17.29 52 Wk Low: $14.21

 Market Capitalization (Millions $) 6,271
 Shares Outstanding (Millions) 375
 Employees 2,399
 Revenues (TTM) (Millions $) 2,308
 Net Income (TTM) (Millions $) 653
 Cash Flow (TTM) (Millions $) -472
 Capital Exp. (TTM) (Millions $) 1,111

Daqo New Energy Corp
We are a leading high-purity polysilicon manufacturer based in China. We utilize the chemical vapor deposition process, or the 'modified Siemens process,' with upgraded Hydrochlorination technology, to produce polysilicon, and have fully implemented the closed loop system to produce high-quality polysilicon cost-effectively. We manufacture and sell high-purity polysilicon to photovoltaic product manufacturers, who further process our polysilicon into ingots, wafers, cells and modules for solar power solutions. Currently, our annual capacity for polysilicon is 70,000 MT in Xinjiang. We improve our production efficiency and increase our output through technological improvements, adoption of process innovation and refinement as well as equipment enhancement. Actual production volume may exceed the production capacity due to operational improvements we may implement at our facilities in response to market conditions.

We manufacture and sell high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. We offer ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. Our annual capacity for polysilicon production increased from 35,000 MT to 70,000 MT in December 2019 and expect to increase our total production capacity to 105,000 MT by the end of the first quarter of 2022. Our actual production volume of polysilicon in 2020 and 2021 was 77,288 MT and 86,587 MT, respectively. We are one of the best quality polysilicon makers in China. In 2021, over 99% of our polysilicon was sold to mono-wafer applications which require higher quality as compared to multi-wafer applications.
Polysilicon Manufacturing Process
Modified Siemens Process
Three main technologies are used in polysilicon production: the modified Siemens process, the fluidized bed reactor process and the upgraded metallurgical grade silicon process. The Siemens process is a mature and well-proven process technology predominantly used in high purity silicon feedstock production in the solar industry. The two other technologies, the fluidized bed reactor process and the upgraded metallurgical grade silicon process, have the potential for lower cost production but are less proven and the quality of products made by these two processes is currently lower than modified Siemens process.
We use the modified Siemens process to produce polysilicon. The modified Siemens process includes three distinct steps: (1) TCS production; (2) distillation; and (3) deposition. In addition, we recover and recycle exhaust gas throughout the process in our closed loop manufacturing system. The diagram below describes our current general manufacturing process:

   Company Address: 29th Floor Pudong New District, Shanghai 200122
   Company Phone Number: 5075-2918   Stock Exchange / Ticker: NYSE DQ


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Geographic Revenue Dispersion


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