Daqo New Energy ( (DQ) ) has released its Q2 earnings. Here is a breakdown of the information Daqo New Energy presented to its investors.
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Daqo New Energy Corp. is a prominent manufacturer of high-purity polysilicon, primarily serving the global solar photovoltaic (PV) industry. The company is recognized for its cost-effective production processes and high-quality products.
In the second quarter of 2025, Daqo New Energy reported a challenging financial performance, reflecting the ongoing difficulties in the solar PV sector. The company faced a significant decrease in revenue and continued to operate at a loss, attributed to declining market prices and industry overcapacity.
Key financial metrics for the quarter included a revenue of $75.2 million, a gross loss of $81.4 million, and a net loss attributable to shareholders of $76.5 million. The company maintained a strong balance sheet with $2.06 billion in cash and investments, despite reduced polysilicon sales volume and lower average selling prices.
Looking ahead, Daqo New Energy remains optimistic about its long-term prospects in the solar PV market. The company plans to leverage its strong financial position and technological advancements to navigate current market challenges and capitalize on future growth opportunities. Management anticipates a production volume of 27,000 to 30,000 metric tons of polysilicon in the third quarter of 2025, with a full-year target of 110,000 to 130,000 metric tons.