Daqo new energy announces unaudited first quarter 2024 results

Shanghai , april 29, 2024 /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 first quarter of 2024. first quarter 2024 financial and operating highlights polysilicon production volume was 62,278 mt in q1 2024, compared to 61,014 mt in q4 2023 polysilicon sales volume was 53,987 mt in q1 2024 compared to 59,906 mt in q4 2023 polysilicon average total production cost(1) was $6.37/kg in q1 2024 compared to $6.50/kg in q4 2023 polysilicon average cash cost(1) was $5.61/kg in q1 2024, compared to $5.72/kg in q4 2023 polysilicon average selling price (asp) was $7.66/kg in q1 2024, compared to $7.97/kg in q4 2023 revenue was $415.3 million in q1 2024, compared to $476.3 million in q4 2023 gross profit was $72.1 million in q1 2024, compared to $87.2 million in q4 2023.
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