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Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2025

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Daqo New Energy (NYSE: DQ) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the SEC on April 20, 2026. The filing includes the company’s audited consolidated financial statements.

Investors can download the report from the SEC website or the company’s investor relations site, or request a free hard copy by mail to the company’s investor relations address in Shanghai.

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News Market Reaction – DQ

+1.46% 1.7x vol
39 alerts
+1.46% Session close to close
-6.4% Trough in 5 hr 3 min
$1.42B Market Cap
1.7x Rel. Volume

In the Apr 20 session, DQ gained 1.46%, reflecting a mild positive market reaction. Argus tracked a trough of -6.4% from its starting point during tracking. Our momentum scanner triggered 39 alerts that day, indicating elevated trading interest and price volatility. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalizes Daqo’s FY2025 disclosure via its Form 20‑F, which includes audited stat...
Analysis

This announcement formalizes Daqo’s FY2025 disclosure via its Form 20‑F, which includes audited statements and detailed risk discussions. In context, earlier filings noted a full‑year net loss of $170.5M against $665.4M in revenue and substantial cash of $2.27B. The 20‑F also underscores China‑specific legal and regulatory risks and significant polysilicon price volatility. Investors monitoring this name may focus on how these factors evolve alongside upcoming Q1 2026 results and production guidance execution.

Key Figures

Ordinary shares outstanding: 338,330,684 shares Q4 2025 revenue: $221.7M Q4 2025 net loss: $7.3M +5 more
8 metrics
Ordinary shares outstanding 338,330,684 shares As of Dec 31, 2025 per Form 20-F
Q4 2025 revenue $221.7M Unaudited Q4 2025 results
Q4 2025 net loss $7.3M Net loss attributable to shareholders, Q4 2025
FY2025 revenue $665.4M Full-year 2025 unaudited results
FY2025 net loss $170.5M Full-year 2025 unaudited results
Cash & liquid assets $2.27B Balance at Dec 31, 2025
Polysilicon capacity 305,000 metric tons Total polysilicon nameplate capacity from recent 6-K
Xinjiang Daqo FY2025 net loss estimate RMB1.0–1.3 billion Preliminary FY2025 estimate under PRC GAAP

Historical Context

5 past events · Latest: Apr 15 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 15 Earnings call timing Neutral +2.3% Announced Q1 2026 results release date and earnings call schedule.
Feb 26 Earnings results Negative -4.6% Reported Q4 and FY2025 with full-year net loss and limited EBITDA.
Feb 12 Earnings call timing Neutral -2.6% Set date and time for Q4 and FY2025 earnings release and call.
Jan 16 Loss guidance Negative -1.6% Subsidiary Xinjiang Daqo issued preliminary FY2025 net loss estimate.
Nov 18 AGM announcement Neutral -6.4% Announced date and logistics for 2025 annual general meeting.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news flow shows mostly aligned price reactions: negative fundamental updates and preliminary loss disclosures saw declines, while scheduling announcements and neutral items produced smaller moves, with one notable selloff around an AGM notice.

Recent Company History

Over the last six months, Daqo’s news has centered on earnings and governance. An AGM notice on Dec 12, 2025 coincided with a -6.41% move. Preliminary FY2025 loss estimates for Xinjiang Daqo on Jan 16, 2026 led to a -1.6% reaction. The unaudited FY2025 and Q4 results on Feb 26, 2026 brought a -4.58% move alongside a full-year net loss of $170.5M. Earnings-date announcements in February and April prompted moderate moves of -2.56% and +2.26%, framing today’s formal 20-F filing as part of a continuing disclosure cycle.

Key Terms

form 20-f, securities and exchange commission
2 terms
form 20-f regulatory
"announced that it filed its annual report on Form 20-F for the fiscal year"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
securities and exchange commission regulatory
"with the Securities and Exchange Commission (the "SEC") on April 20, 2026"
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, April 20, 2026 /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 that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, which contains the Company's audited consolidated financial statements, with the Securities and Exchange Commission (the "SEC") on April 20, 2026.

The annual report on Form 20-F can be accessed and downloaded from the SEC's website at www.sec.gov or through the investor relations section of the Company's website at https://www.dqsolar.com/. Holders of the Company's securities may request a hard copy of the Company's annual report free of charge by contacting the Company by mail at:

Daqo New Energy Corp.
Investor Relations
Unit 29, Huadu Building, 838 Zhangyang Road
Pudong District, Shanghai, China, 200122

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.

Cision View original content:https://www.prnewswire.com/news-releases/daqo-new-energy-files-annual-report-on-form-20-f-for-fiscal-year-2025-302747110.html

SOURCE Daqo New Energy Corp.

FAQ

What did DQ announce in its April 20, 2026 Form 20-F filing for fiscal year 2025?

Daqo New Energy filed its annual report on Form 20-F, including audited consolidated financial statements. According to the company, the filing covers the fiscal year ended December 31, 2025 and was submitted to the SEC on April 20, 2026.

How can investors access DQ's Form 20-F filed April 20, 2026?

Investors can download the Form 20-F from the SEC website or the company's investor relations site. According to the company, the report is available at www.sec.gov and via https://www.dqsolar.com/ investor relations.

Can DQ security holders request a hard copy of the 2025 Form 20-F and where to send requests?

Yes. Security holders may request a free hard copy by mail to the company's investor relations address in Shanghai. According to the company, requests should be sent to the investor relations unit at the provided Shanghai address.

What period does the April 20, 2026 DQ Form 20-F cover and what statements are included?

The Form 20-F covers the fiscal year ended December 31, 2025 and includes audited consolidated financial statements. According to the company, the filing contains the company's audited consolidated financial statements for that period.

Does the DQ Form 20-F filing on April 20, 2026 change company guidance or report financial results?

The filing announces submission of the annual report and audited statements but does not present new guidance in this notice. According to the company, the release focuses on availability of the Form 20-F rather than new financial guidance.