Welcome to our dedicated page for Daqo New Energy SEC filings (Ticker: DQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Daqo New Energy Corp. filings document a foreign private issuer whose American depositary shares represent ordinary shares and whose business centers on high-purity polysilicon for solar PV manufacturers. Form 6-K reports furnish press releases on financial results, production volumes, sales volumes, costs, average selling prices, liquidity measures, and earnings-call notices.
The company’s regulatory record also includes annual Form 20-F reporting with audited consolidated financial statements, business and risk disclosures, and governance information. AGM notices and related exhibits document shareholder meeting procedures, while subsidiary-related disclosures may include Xinjiang Daqo financial estimates prepared under PRC GAAP.
Daqo New Energy Corp. director Shi Dafeng filed an initial ownership report showing substantial holdings in the company. He directly holds 4,851,775 ordinary shares, represented by American depositary shares. He also has indirect ownership of 3,449,584 ordinary shares through Lucky Prosper Investments Limited, which he wholly owns and controls.
DAQO NEW ENERGY CORP. director and Chief Executive Officer Xu Xiang filed an initial ownership report showing large direct and indirect stakes. He holds 7,923,465 ordinary shares (represented by American depositary shares) directly. He also has indirect ownership of 15,923,750 ordinary shares through Duke Elite Limited and 14,820,000 ordinary shares through Plenty China Limited, both British Virgin Islands companies wholly owned and controlled by him.
DAQO NEW ENERGY CORP. director Shuming Zhao has filed an initial ownership report on Form 3. The filing shows direct beneficial ownership of 233,845 ordinary shares, represented by American depositary shares. This is a holdings disclosure, not a new buy or sell transaction.
DAQO New Energy Corp. director Xu Guangfu filed an initial ownership report showing substantial equity in the company. He directly holds 23,201,150 ordinary shares represented by American depositary shares and indirectly holds 39,000,000 ordinary shares through Gold Intellect Limited, which he wholly owns and controls.
DAQO NEW ENERGY CORP. director Arthur Lap Tat Wong filed an initial ownership report showing his existing stake in the company. The Form 3 indicates direct ownership of 596,675 ordinary shares, represented by American depositary shares. This is a baseline disclosure of his holdings rather than a new transaction.
DAQO NEW ENERGY CORP. director Chen Rong Ling filed an initial ownership report on Form 3. The filing shows direct ownership of 574,150 ordinary shares, represented by American depositary shares, following the reported position. This is a disclosure of existing holdings, not a new share purchase or sale.
Daqo New Energy Corp. reported weaker 2025 sales but sharply improved profitability metrics as polysilicon pricing and utilization stabilized. Q4 2025 revenue was $221.7 million, with gross margin improving to 7.0% and net loss to shareholders narrowing to $7.3 million. Q4 EBITDA reached $52.5 million with a 23.7% margin, supported by production cost reductions to $5.83/kg and record cash cost of $4.46/kg.
For full year 2025, revenue fell to $665.4 million from $1,029.1 million as polysilicon ASP slipped to $5.25/kg and sales volumes declined. Even so, net loss to shareholders shrank to $170.5 million from $345.2 million, and EBITDA turned positive at $1.7 million versus a $337.4 million loss in 2024. Operating cash flow swung to a $56.1 million inflow.
The company ended 2025 with highly liquid assets totaling $2.27 billion, including $980.3 million in cash and $972.4 million in fixed term deposits, and reported no debt. Management guides polysilicon production of 35,000–40,000 MT in Q1 2026 and 140,000–170,000 MT for full year 2026, citing Chinese anti-overcapacity policies and long-term solar demand as key support factors.
Daqo New Energy Corp. will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 before U.S. markets open on Thursday, February 26, 2026. These figures will give investors an updated view of the company’s performance in the global solar polysilicon market.
The company will host a conference call to discuss the results at 8:00 U.S. Eastern Time on February 26, 2026, which is 9:00 Beijing / Hong Kong time. Investors can join via toll-free and international dial-in numbers or listen through a webcast, with a replay available until March 5, 2026.
Daqo New Energy Corp. has a planned sale of American depositary shares, each representing 5 ordinary shares, under a notice related to Rule 144. The planned transaction covers 200,000 ADSs with an aggregate market value of $6,614,000.00, to be executed through The Core Securities Co., Ltd. on the NYSE around 12/04/2025. The filing notes that these securities were acquired on 09/06/2025 via a Share Incentive Plan from Daqo New Energy Corp. as restricted stock units. For context, the number of ADSs outstanding is stated as 67,547,032.