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The leading polysilicon maker said its prices continued to fall to well below production costs in the second quarter as it produced at just a third of capacity

Daqo New Energy's Q2 results were weak due to industry oversupply and low polysilicon prices, but the company's strong balance sheet stands out. Despite negative margins and losses, DQ's cash reserves and lack of debt position it to outlast weaker competitors in this downturn. Industry consolidation and capacity cuts are expected to stabilize prices, enabling DQ to gain market share and benefit from the next upcycle.

Daqo New Energy Corp. (NYSE:DQ ) Q2 2025 Earnings Conference Call August 26, 2025 8:00 AM ET Company Participants Anita Zhu - Investor Relations Director Jessie Zhao - Corporate Participant Ming Yang - Chief Financial Officer Xiang Xu - Chairman & CEO Conference Call Participants Gordon Lee Johnson - GLJ Research, LLC Matthew Ingraham - ROTH Capital Partners, LLC, Research Division Mengwen Wang - Goldman Sachs Group, Inc., Research Division Siu Lun Lau - Jefferies LLC, Research Division W. L. Hon - JPMorgan Chase & Co, Research Division Zihui Hu - China International Capital Corporation Limited, Research Division Operator Good day, and welcome to the Daqo New Energy Second Quarter 2025 Earnings Conference Call.

Daqo New Energy (DQ) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.16. This compares to a loss of $1.81 per share a year ago.

SHANGHAI , Aug. 26, 2025 /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 its board of directors has approved a US$100 million share repurchase program, effective today through December 31, 2026. The board of directors has authorized Daqo New Energy to repurchase up to US$100 million worth of its own issued and outstanding ordinary shares or American depositary shares representing ordinary shares in open-market purchases, in negotiated transactions off the market, in block trades or through other legally permissible means in accordance with applicable United States securities laws.

SHANGHAI , Aug. 26, 2025 /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 2025. 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 at the end of Q2 2025, compared to $2.15 billion at the end of Q1 2025 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/kg in Q2 2025, compared to $7.57/kg in Q1 2025 Polysilicon average cash cost(1) was $5.12/kg in Q2 2025, compared to $5.31/kg in Q1 2025 Polysilicon average selling price (ASP) was $4.19/kg in Q2 2025, compared to $4.37/kg in Q1 2025 Revenue was $7

SHANGHAI , Aug. 12, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for second quarter of 2025 ended June 30, 2025 before U.S. markets open on Tuesday, August 26, 2025. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on Tuesday, August 26, 2025 (8:00 PM Beijing / Hong Kong time on the same day).

SHANGHAI , July 28, 2025 /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 published its 2024 Environmental, Social and Governance ("ESG") report.  The 2024 ESG report highlights the Company's key achievements with respect to corporate governance, innovation and R&D, employee rights protection, environmental sustainability and emission reductions, as well as social responsibility.

Daqo New Energy Corp. (NYSE:DQ ) Q1 2025 Earnings Conference Call April 29, 2025 8:00 AM ET Company Participants Xiang Xu - Chairman & Chief Executive Officer Anita Zhu - Deputy Chief Executive Officer Ming Yang - Chief Financial Officer Conference Call Participants Phil Shen - ROTH Capital Alan Hon - JPMorgan Operator Good day and welcome to the Daqo New Energy First Quarter 2025 Results Conference Call. All participants will be in listen-only mode.

Daqo New Energy (DQ) came out with a quarterly loss of $1.07 per share versus the Zacks Consensus Estimate of a loss of $1.02. This compares to earnings of $0.24 per share a year ago.