Welcome to our dedicated page for Daqo New Energy American Depositary Shares (each representing 5 Ordinary Shares) news (Ticker: $DQ), a resource for investors and traders seeking the latest updates and insights on Daqo New Energy American Depositary Shares (each representing 5 Ordinary Shares) stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Daqo New Energy American Depositary Shares (each representing 5 Ordinary Shares)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Daqo New Energy American Depositary Shares (each representing 5 Ordinary Shares)'s position in the market.
Daqo New Energy Corp. submitted its annual report on Form 20-F for the fiscal year 2023 to the SEC. The report includes audited consolidated financial statements ending on December 31, 2023. Shareholders can access the report on the SEC's website or the company's investor relations section. Hard copies are available upon request.
Daqo New Energy Corp. (NYSE: DQ) announced unaudited financial results for Q1 2024. The company reported a decrease in revenue to $415.3 million from $476.3 million in Q4 2023, and gross profit dropped to $72.1 million from $87.2 million. Polysilicon production volume increased by 1,264 MT compared to the previous quarter, reaching 62,278 MT. The Company's CEO, Mr. Xiang Xu, expressed optimism about the company's future outlook, highlighting the progress in optimizing manufacturing operations and N-type product mix. The Company expects to produce 60,000-63,000 MT of polysilicon in Q2 2024, and 280,000-300,000 MT for the full year 2024.