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HomeMongolia NewsDaqo New Energy Announces Unaudited Second Quarter 2022 Results

Daqo New Energy Announces Unaudited Second Quarter 2022 Results

SHANGHAI, Aug. 3, 2022 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter of 2022.

Second Quarter 2022 Financial and Operating Highlights

  • Polysilicon production volume was 35,326 MT in Q2 2022, compared to 31,383 MT in Q1 2022
  • Polysilicon sales volume was 37,545 MT in Q2 2022, compared to 38,839 MT in Q1 2022
  • Polysilicon average total production cost(1) was $7.26/kg in Q2 2022, compared to $10.09/kg in Q1 2022
  • Polysilicon average cash cost(1) was $6.51/kg in Q2 2022, compared to $9.19/kg in Q1 2022
  • Polysilicon average selling price (ASP) was $33.08/kg in Q2 2022, compared to $32.76/kg in Q1 2022
  • Revenue was $1,244.1 million in Q2 2022, compared to $1,280.3 million in Q1 2022
  • Gross profit was $946.9 million in Q2 2022, compared to $813.6 million

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