Daqo New Energy Announces Unaudited Second Quarter 2025 Results
Daqo New Energy (NYSE:DQ), a leading polysilicon manufacturer, reported challenging Q2 2025 financial results amid industry-wide overcapacity. The company posted a net loss of $76.5 million ($1.14 per ADS) on revenues of $75.2 million, down from $123.9 million in Q1 2025.
Key operational metrics showed polysilicon production volume of 26,012 MT with sales volume declining to 18,126 MT. The company operated at a reduced utilization rate of 34% due to market conditions. Average selling price decreased to $4.19/kg from $4.37/kg in Q1, while production cost improved to $7.26/kg.
Despite operational challenges, Daqo maintains a strong balance sheet with $2.06 billion in total cash and investments with no financial debt. The company expects Q3 2025 production of 27,000-30,000 MT and full-year 2025 production of 110,000-130,000 MT.
Daqo New Energy (NYSE:DQ), uno dei principali produttori di polisilicio, ha annunciato risultati finanziari del 2° trimestre 2025 difficili in un contesto di sovraccapacità del settore. La società ha registrato una perdita netta di 76,5 milioni di dollari (1,14$ per ADS) su ricavi per 75,2 milioni di dollari, in calo rispetto ai 123,9 milioni del 1° trimestre 2025.
I principali indicatori operativi mostrano una produzione di polisilicio pari a 26.012 MT, mentre le vendite sono scese a 18.126 MT. L’azienda ha lavorato a un tasso di utilizzo ridotto del 34% a causa delle condizioni di mercato. Il prezzo medio di vendita è sceso a 4,19 $/kg rispetto a 4,37 $/kg nel 1° trimestre, mentre il costo di produzione è migliorato a 7,26 $/kg.
Nonostante le difficoltà operative, Daqo conserva un bilancio solido con 2,06 miliardi di dollari in liquidità e investimenti e senza debito finanziario. La società prevede una produzione per il 3° trimestre 2025 di 27.000-30.000 MT e una produzione per l’intero 2025 di 110.000-130.000 MT.
Daqo New Energy (NYSE:DQ), un destacado fabricante de polisilicio, informó resultados financieros difíciles del 2T 2025 en medio de la sobrecapacidad del sector. La compañía registró una pérdida neta de 76,5 millones de dólares (1,14 $ por ADS) sobre ingresos de 75,2 millones de dólares, frente a 123,9 millones en el 1T 2025.
Los indicadores operativos clave mostraron una producción de polisilicio de 26.012 TM, mientras que el volumen de ventas descendió a 18.126 TM. La compañía operó con una tasa de utilización reducida del 34% debido a las condiciones del mercado. El precio medio de venta bajó a 4,19 $/kg desde 4,37 $/kg en el 1T, mientras que el costo de producción mejoró a 7,26 $/kg.
A pesar de los retos operativos, Daqo mantiene un balance sólido con 2,06 mil millones de dólares en efectivo e inversiones y sin deuda financiera. La empresa espera una producción para el 3T 2025 de 27.000-30.000 TM y una producción para todo 2025 de 110.000-130.000 TM.
Daqo New Energy (NYSE:DQ), 주요 폴리실리콘 제조업체인 이 회사는 업계 전반의 과잉 공급 속에 2025년 2분기 실적이 부진했다고 발표했습니다. 매출 7,520만 달러에 순손실 7,650만 달러(ADS당 1.14달러)를 기록했으며, 이는 2025년 1분기의 1억2,390만 달러에서 감소한 수치입니다.
주요 운영 지표는 폴리실리콘 생산량 26,012MT을 보였고 판매량은 18,126MT로 줄어들었습니다. 시장 상황으로 인해 가동률은 34%로 낮아졌습니다. 평균 판매 가격은 1분기 4.37달러/kg에서 4.19달러/kg로 하락했으며, 생산 단가는 7.26달러/kg로 개선되었습니다.
운영상 어려움에도 불구하고 Daqo는 현금 및 투자 총액 20.6억 달러로 재무구조가 탄탄하며 금융부채는 없습니다. 회사는 2025년 3분기 생산량 27,000-30,000MT과 2025년 연간 생산량을 110,000-130,000MT으로 예상하고 있습니다.
Daqo New Energy (NYSE:DQ), un fabricant majeur de polysilicium, a annoncé des résultats financiers du 2T 2025 difficiles dans un contexte de surcapacité sectorielle. La société a enregistré une perte nette de 76,5 millions de dollars (1,14 $ par ADS) pour des revenus de 75,2 millions de dollars, contre 123,9 millions au 1T 2025.
Les indicateurs opérationnels clés montrent une production de polysilicium de 26 012 MT, tandis que le volume des ventes a diminué à 18 126 MT. L’entreprise a fonctionné avec un taux d’utilisation réduit de 34 % en raison des conditions du marché. Le prix de vente moyen a baissé à 4,19 $/kg contre 4,37 $/kg au 1T, tandis que le coût de production s’est amélioré à 7,26 $/kg.
Malgré ces difficultés opérationnelles, Daqo conserve un bilan solide avec 2,06 milliards de dollars en trésorerie et investissements, sans dette financière. La société prévoit une production au 3T 2025 de 27 000–30 000 MT et une production annuelle 2025 de 110 000–130 000 MT.
Daqo New Energy (NYSE:DQ), ein führender Hersteller von Polysilizium, meldete im Zuge einer branchenweiten Überkapazität schwierige Finanzergebnisse für Q2 2025. Das Unternehmen verzeichnete einen Nettoverlust von 76,5 Mio. USD (1,14 USD je ADS) bei Umsatzerlösen von 75,2 Mio. USD, nach 123,9 Mio. USD im Q1 2025.
Wesentliche operative Kennzahlen zeigten eine Polysiliziumproduktion von 26.012 MT, während das Verkaufsvolumen auf 18.126 MT zurückging. Aufgrund der Marktbedingungen arbeitete das Unternehmen mit einer reduzierten Auslastung von 34%. Der durchschnittliche Verkaufspreis sank auf 4,19 USD/kg gegenüber 4,37 USD/kg im Q1, während die Produktionskosten sich auf 7,26 USD/kg verbesserten.
Trotz der operativen Herausforderungen verfügt Daqo über eine starke Bilanz mit 2,06 Mrd. USD an liquiden Mitteln und Investments und ohne finanzielle Verbindlichkeiten. Das Unternehmen erwartet eine Produktion für Q3 2025 von 27.000–30.000 MT sowie eine Jahresproduktion 2025 von 110.000–130.000 MT.
- Strong balance sheet with $2.06 billion in cash and investments
- No financial debt
- Production cost decreased 4% to $7.26/kg
- Cash cost improved to $5.12/kg, down 4% quarter-over-quarter
- Net loss of $76.5 million in Q2 2025, worse than $71.8 million in Q1
- Revenue declined 39% to $75.2 million quarter-over-quarter
- Gross margin deteriorated to -108.3% from -65.8% in Q1
- Operating at reduced utilization rate of only 34% capacity
- Sales volume decreased significantly to 18,126 MT from 28,008 MT in Q1
Insights
Daqo reports widening losses despite cost improvements as industry overcapacity drives polysilicon prices below production costs.
Daqo New Energy's Q2 2025 results reveal continued deterioration in the polysilicon market with substantial financial losses. Revenue plummeted to
The company's gross loss remained nearly unchanged at
Operationally, Daqo has reduced plant utilization to approximately
The company's financial position remains its primary strength, with
Management's outlook suggests modest optimism for potential market improvement, citing Chinese government initiatives to curb "disorderly competition" and address industry overcapacity. They noted a rebound in polysilicon futures prices from
Second Quarter 2025 Financial and Operating Highlights
- Total cash, short-term investments, bank notes receivable and fixed term bank deposit balance was
$2.06 billion $2.15 billion - Polysilicon production volume was 26,012 MT in Q2 2025, compared to 24,810 MT in Q1 2025
- Polysilicon sales volume was 18,126 MT in Q2 2025, compared to 28,008 MT in Q1 2025
- Polysilicon average total production cost(1) was
$7.26 $7.57 - Polysilicon average cash cost(1) was
$5.12 $5.31 - Polysilicon average selling price (ASP) was
$4.19 $4.37 - Revenue was
$75.2 million $123.9 million - Gross loss was
$81.4 million $81.5 million 108.3% in Q2 2025, compared to -65.8% in Q1 2025 - Net loss attributable to Daqo New Energy Corp. shareholders was
$76.5 million $71.8 million - Loss per basic American Depositary Share (ADS)(3) was
$1.14 in Q2 2025, compared to$1.07 - Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders was
$57.9 million $53.2 million - Adjusted loss per basic ADS(3) (non-GAAP)(2) was
$0.86 $0.80 - EBITDA (non-GAAP)(2) was -
$48.2 million in Q2 2025, compared to- in Q1 2025. EBITDA margin (non-GAAP)(2) was -$48.4 million 64.0% in Q2 2025, compared to -39.1% in Q1 2025
Three months ended | |||
US$ millions except as indicated otherwise | Jun. 30, | Mar. 31, | Jun. 30, |
Revenues | 75.2 | 123.9 | 219.9 |
Gross loss | (81.4) | (81.5) | (159.2) |
Gross margin | (108.3) % | (65.8) % | (72.4) % |
Loss from operations | (115.0) | (114.1) | (195.6) |
Net loss attributable to Daqo New Energy Corp. | (76.5) | (71.8) | (119.8) |
Loss per basic ADS(3) ($ per ADS) | (1.14) | (1.07) | (1.81) |
Adjusted net loss (non-GAAP)(2) attributable to Daqo | (57.9) | (53.2) | (98.8) |
Adjusted loss per basic ADS(3) (non-GAAP)(2) ($ per | (0.86) | (0.80) | (1.50) |
EBITDA (non-GAAP)(2) | (48.2) | (48.4) | (144.9) |
EBITDA margin (non-GAAP)(2) | (64.0) % | (39.1) % | (65.9) % |
Polysilicon sales volume (MT) | 18,126 | 28,008 | 43,082 |
Polysilicon average total production cost ($/kg)(1) | 7.26 | 7.57 | 6.19 |
Polysilicon average cash cost (excl. dep'n) ($/kg)(1) | 5.12 | 5.31 | 5.39 |
Notes: |
(1) Production cost and cash cost only refer to production in our polysilicon facilities. Production cost is calculated by the inventoriable costs relating to production of polysilicon divided by the production volume in the period indicated. Cash cost is calculated by the inventoriable costs relating to production of polysilicon excluding depreciation cost and non-cash share-based compensation cost, divided by the production volume in the period indicated. |
(2) Daqo New Energy provides EBITDA, EBITDA margins, adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS on a non-GAAP basis to provide supplemental information regarding its financial performance. For more information on these non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Reconciliation of non-GAAP financial measures to comparable US GAAP measures" set forth at the end of this press release. |
(3) ADS means American Depositary Share. One (1) ADS represents five (5) ordinary shares. |
Management Remarks
Mr. Xiang Xu, CEO of Daqo New Energy, commented, "The solar PV industry faced continued challenges in the second quarter of 2025 with market prices across the solar value chain declining due to industry overcapacity and high inventory levels, remaining below cash cost levels. As a result, Daqo New Energy recorded quarterly operating and net losses. Nevertheless, we maintained a strong and healthy balance sheet with no financial debt. As of June 30, 2025, the Company had a cash balance of
"On the operational front, the Company operated at a reduced utilization rate of approximately
"In light of the current market conditions, we expect our total polysilicon production volume in the third quarter of 2025 to be approximately 27,000 MT to 30,000 MT. As a result, we anticipate our full year 2025 production volume to be in the range of 110,000 MT to 130,000 MT."
"During the second quarter, the solar PV industry remained in a cyclical trough, although proactive initiatives started to emerge toward the end of the quarter. On the demand side,
Heading into Q3, Chinese authorities have demonstrated increased determination to address irrational competition and industry overcapacity, with the anti-involution initiative taking a leading role in sectors such as solar PV. On June 29, an article from
"The solar PV industry continues to show strong long-term prospects. In the medium term, we believe that the combined effects of industry self-discipline and government anti-involution regulations will foster a healthier and more sustainable industry. In the long run, as one of the most cost-effective and sustainable energy sources globally, solar power is expected to remain a key driver of the global energy transition and sustainable development. Looking ahead, Daqo New Energy is well positioned to capitalize on the long-term growth in the global solar PV market and strengthen its competitive edge by enhancing its higher-efficiency N-type technology and optimizing its cost structure through digital transformation and AI adoption. As one of the world's lowest-cost producers with the highest-quality N-type product, a strong balance sheet and no financial debt, we are confident in our ability to weather the current market downturn, capitalize on market recovery, and emerge as a leader in the industry positioned to capture future growth."
Outlook and guidance
The Company expects to produce approximately 27,000 MT to 30,000MT of polysilicon during the third quarter of 2025. The Company expects to produce approximately 110,000 MT to 130,000 MT of polysilicon for the full year of 2025, inclusive of the impact of the Company's annual facility maintenance.
This outlook reflects Daqo New Energy's current and preliminary view as of the date of this press release and may be subject to changes. The Company's ability to achieve these projections is subject to risks and uncertainties. See "Safe Harbor Statement" at the end of this press release.
Second Quarter 2025 Results
Revenues
Revenues were
Gross loss and margin
Gross loss was
Selling, general and administrative expenses
Selling, general and administrative expenses were
Research and development expenses
Research and development (R&D) expenses were
Loss from operations and operating margin
As a result of the foregoing, loss from operations was
Operating margin was -
Net loss attributable to Daqo New Energy Corp. shareholders and loss per ADS
As a result of the foregoing, net loss attributable to Daqo New Energy Corp. shareholders was
Loss per basic American Depository Share (ADS) was
Adjusted net loss (non-GAAP) attributable to Daqo New Energy Corp. shareholders and adjusted loss per ADS(non-GAAP)
Adjusted net loss (non-GAAP) attributable to Daqo New Energy Corp. shareholders, excluding non-cash share-based compensation costs, was
Adjusted loss per basic American Depository Share (ADS) was
EBITDA
EBITDA (non-GAAP) was -
Financial Condition
As of June 30, 2025, the Company had
Cash Flows
For the six months ended June 30, 2025, net cash used in operating activities was
For the six months ended June 30, 2025, net cash used in investing activities was
For the six months ended June 30, 2025, net cash used in financing activities was
Use of Non-GAAP Financial Measures
To supplement Daqo New Energy's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("US GAAP"), the Company uses certain non-GAAP financial measures that are adjusted for certain items from the most directly comparable GAAP measures including earnings before interest, taxes, depreciation and amortization ("EBITDA") and EBITDA margin; adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic and diluted ADS. Our management believes that each of these non-GAAP measures is useful to investors, enabling them to better assess changes in key element of the Company's results of operations across different reporting periods on a consistent basis, independent of certain items as described below. Thus, our management believes that, used in conjunction with US GAAP financial measures, these non-GAAP financial measures provide investors with meaningful supplemental information to assess the Company's operating results in a manner that is focused on its ongoing, core operating performance. Our management uses these non-GAAP measures internally to assess the business, its financial performance, current and historical results, as well as for strategic decision-making and forecasting future results. Given our management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's operating results as seen through the eyes of our management. These non-GAAP measures are not prepared in accordance with US GAAP or intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with US GAAP; the non-GAAP measures should be reviewed together with the US GAAP measures, and may be different from non-GAAP measures used by other companies.
The Company uses EBITDA, which represents earnings before interest, taxes, depreciation and amortization, and EBITDA margin, which represents the proportion of EBITDA in revenues. Adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic and diluted ADS exclude costs related to share-based compensation. Share-based compensation is a non-cash expense that varies from period to period. As a result, our management excludes this item from our internal operating forecasts and models. Our management believes that this adjustment for share-based compensation provides investors with a basis to measure the Company's core performance, including compared with the performance of other companies, without the period-to-period variability created by share-based compensation.
A reconciliation of non-GAAP financial measures to comparable US GAAP measures is presented later in this document.
Conference Call
The Company has scheduled a conference call to discuss the results at 8:00 AM
The dial-in details for the earnings conference call are as follows:
Participant dial in (
Participant international dial in: +1-412-902-4272
Please dial in 10 minutes before the call is scheduled to begin and ask to join the Daqo New Energy Corp. call.
Webcast link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=tvDRIdY6
A replay of the call will be available 1 hour after the conclusion of the conference call through September 2, 2025. The dial in details for the conference call replay are as follows:
International toll: +1-412-317-0088
Replay access code: 5248601
To access the replay through an international dial-in number, please select the link below.
https://services.choruscall.com/ccforms/replay.html
Participants will be asked to provide their name and company name upon entering the call.
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufacturers, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Daqo New Energy Corp. | ||||||||||
Unaudited Condensed Consolidated Statement of Operations | ||||||||||
(US dollars in thousands, except ADS and per ADS data) | ||||||||||
Three months ended | Six months ended | |||||||||
Jun 30, | Mar 31, | Jun 30, | Jun 30, | Jun 30, | ||||||
Revenues | 75,189 | 123,914 | 219,914 | 199,104 | 635,225 | |||||
Cost of revenues | (156,595) | (205,449) | (379,074) | (362,045) | (722,300) | |||||
Gross loss | (81,406) | (81,535) | (159,160) | (162,941) | (87,075) | |||||
Operating expenses | - | |||||||||
Selling, general and administrative expenses | (32,121) | (35,085) | (37,526) | (67,206) | (75,959) | |||||
Research and development expenses | (796) | (507) | (1,836) | (1,304) | (3,374) | |||||
Other operating income/(expense) | (664) | 3,074 | 2,903 | 2,410 | 1,298 | |||||
Total operating expenses | (33,581) | (32,518) | (36,459) | (66,100) | (78,035) | |||||
Loss from operations | (114,987) | (114,053) | (195,619) | (229,041) | (165,110) | |||||
Interest income, net | 1,593 | 2,670 | 8,730 | 4,263 | 21,000 | |||||
Foreign exchange gain/ (loss) | 3 | 22 | (1,406) | 25 | (1,675) | |||||
Investments income | 6,574 | 6,354 | 7,149 | 12,928 | 7,149 | |||||
Loss before income taxes | (106,817) | (105,007) | (181,146) | (211,825) | (138,636) | |||||
Income tax benefit | 8,172 | 12,274 | 23,283 | 20,446 | 8,927 | |||||
Net loss | (98,645) | (92,733) | (157,863) | (191,379) | (129,709) | |||||
Net loss attributable to non-controlling interest | (22,167) | (20,896) | (38,083) | (43,063) | (25,402) | |||||
Net loss attributable to Daqo New Energy | (76,478) | (71,837) | (119,780) | (148,316) | (104,307) | |||||
Loss per ADS | ||||||||||
Basic | (1.14) | (1.07) | (1.81) | (2.21) | (1.58) | |||||
Diluted | (1.14) | (1.07) | (1.81) | (2.21) | (1.58) | |||||
Weighted average ADS outstanding | ||||||||||
Basic | 67,243,161 | 66,938,183 | 66,002,970 | 67,091,514 | 65,854,677 | |||||
Diluted | 67,243,161 | 66,938,183 | 66,002,970 | 67,091,514 | 65,854,677 | |||||
Daqo New Energy Corp. | |||||||
Unaudited Condensed Consolidated Balance Sheets | |||||||
(US dollars in thousands) | |||||||
Jun. 30, 2025 | Mar. 31, 2025 | Jun. 30, 2024 | |||||
ASSETS: | |||||||
Current Assets: | |||||||
Cash, cash equivalents and restricted cash | 598,576 | 791,930 | 997,481 | ||||
Short-term investments | 418,822 | 168,203 | 219,469 | ||||
Accounts and notes receivable | 49,063 | 62,818 | 80,719 | ||||
Inventories | 167,601 | 125,918 | 191,969 | ||||
Fixed term deposit within one year | 960,695 | 1,125,323 | 1,168,032 | ||||
Other current assets | 327,788 | 303,156 | 272,404 | ||||
Total current assets | 2,522,545 | 2,577,348 | 2,930,074 | ||||
Property, plant and equipment, net | 3,446,352 | 3,460,203 | 3,781,330 | ||||
Prepaid land use right | 154,077 | 152,854 | 155,197 | ||||
Fixed term deposit over one year | 33,584 | - | 27,366 | ||||
Other non-current assets | 133,473 | 120,281 | 46,534 | ||||
TOTAL ASSETS | 6,290,031 | 6,310,686 | 6,940,501 | ||||
Current liabilities: | |||||||
Accounts payable and notes payable | 49,629 | 28,694 | 64,208 | ||||
Advances from customers - short term portion | 20,980 | 33,032 | 59,015 | ||||
Payables for purchases of property, plant and equipment | 336,716 | 357,562 | 436,286 | ||||
Other current liabilities | 39,484 | 39,471 | 82,086 | ||||
Total current liabilities | 446,809 | 458,759 | 641,595 | ||||
Advance from customers - long term portion | 18,197 | 20,967 | 102,861 | ||||
Other non-current liabilities | 18,120 | 17,610 | 18,012 | ||||
TOTAL LIABILITIES | 483,126 | 497,336 | 762,468 | ||||
EQUITY: | - | ||||||
Total Daqo New Energy Corp.'s shareholders' | 4,325,251 | 4,329,201 | 4,593,003 | ||||
Non-controlling interest | 1,481,654 | 1,484,149 | 1,585,030 | ||||
Total equity | 5,806,905 | 5,813,350 | 6,178,033 | ||||
TOTAL LIABILITIES & EQUITY | 6,290,031 | 6,310,686 | 6,940,501 | ||||
Daqo New Energy Corp. | |||||
Unaudited Condensed Consolidated Statements of Cash Flows | |||||
(US dollars in thousands) | |||||
For the six months ended June 30, | |||||
2025 | 2024 | ||||
Operating Activities: | |||||
Net loss | (191,379) | (129,709) | |||
Adjustments to reconcile net income to net cash provided by | 247,112 | 239,144 | |||
Changes in operating assets and liabilities | (161,174) | (388,076) | |||
Net cash used in operating activities | (105,441) | (278,641) | |||
Investing activities: | |||||
Purchases of property, plant and equipment | (87,801) | (291,856) | |||
Purchases of land use right | - | (10,068) | |||
Purchase of short-term investments and fixed term deposits | (2,591,777) | (2,028,928) | |||
Redemption of short-term investments and fixed term deposits | 2,336,900 | 649,040 | |||
Net cash used in investing activities | (342,678) | (1,681,812) | |||
Financing activities: | |||||
Net cash used in financing activities | (32) | (42,962) | |||
Effect of exchange rate changes | 8,378 | (47,060) | |||
Net decrease in cash, cash equivalents and restricted cash | (439,773) | (2,050,475) | |||
Cash, cash equivalents and restricted cash at the beginning of the | 1,038,349 | 3,047,956 | |||
Cash, cash equivalents and restricted cash at the end of the period | 598,576 | 997,481 | |||
Daqo New Energy Corp. | |||||||||||
Reconciliation of non-GAAP financial measures to comparable US GAAP measures | |||||||||||
(US dollars in thousands) | |||||||||||
Three months ended | Six months ended | ||||||||||
Jun 30, | Mar 31, | Jun 30, | Jun 30, | Jun 30, | |||||||
Net loss | (98,645) | (92,733) | (157,863) | (191,379) | (129,709) | ||||||
Income tax benefit | (8,172) | (12,274) | (23,283) | (20,446) | (8,927) | ||||||
Interest income, net | (1,593) | (2,670) | (8,730) | (4,263) | (21,000) | ||||||
Depreciation & Amortization | 60,253 | 59,245 | 44,958 | 119,498 | 91,627 | ||||||
EBITDA (non-GAAP) | (48,157) | (48,432) | (144,918) | (96,590) | (68,009) | ||||||
EBITDA margin (non-GAAP) | (64.0) % | (39.1) % | (65.9) % | (48.5) % | (10.7) % | ||||||
Three months ended | Six months ended | ||||||||||
Jun 30, | Mar 31, | Jun 30, | Jun 30, | Jun 30, | |||||||
Net loss attributable to Daqo New | (76,478) | (71,837) | (119,780) | (148,316) | (104,307) | ||||||
Share-based compensation | 18,606 | 18,606 | 20,963 | 37,211 | 41,537 | ||||||
Adjusted net loss (non-GAAP) | (57,872) | (53,231) | (98,817) | (111,105) | (62,770) | ||||||
Adjusted loss per basic ADS (non- | (0.86) | (0.80) | (1.50) | (1.66) | (0.95) | ||||||
Adjusted loss per diluted ADS (non- | (0.86) | (0.80) | (1.50) | (1.66) | (0.95) | ||||||
View original content:https://www.prnewswire.com/news-releases/daqo-new-energy-announces-unaudited-second-quarter-2025-results-302538753.html
SOURCE Daqo New Energy Corp.
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