Strong Financial Position and Liquidity
Despite quarterly operating and net losses, Daqo New Energy Corp. maintained a strong balance sheet with no financial debt and total quick assets of $2.15 billion, providing ample liquidity.
Exceeding Sales Volume Expectations
The company reported a sales volume of 28,008 metric tons, exceeding its production and reducing inventory to healthier levels.
Stable Polysilicon Prices
Polysilicon prices remained stable throughout the quarter at approximately 37 to 42 RMB per kilogram, with expectations for support at current levels due to policy changes.
Positive Long-term Solar PV Industry Outlook
China's new solar PV installations reached 59.71 gigawatts in Q1, a robust 30.5% year-over-year growth, indicating promising long-term prospects for the solar PV industry.