Daqo new energy announces unaudited second quarter 2024 results

Shanghai , aug. 26, 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 second quarter of 2024. second quarter 2024 financial and operating highlights polysilicon production volume was 64,961 mt in q2 2024, compared to 62,278 mt in q1 2024 polysilicon sales volume was 43,082 mt in q2 2024 compared to 53,987 mt in q1 2024 polysilicon average total production cost (1) was $6.19/kg in q2 2024 compared to $6.37/kg in q1 2024 polysilicon average cash cost(1) was $5.39/kg in q2 2024, compared to $5.61/kg in q1 2024 polysilicon average selling price (asp) was $5.12/kg in q2 2024, compared to $7.66/kg in q1 2024 revenue was $219.9 million in q2 2024, compared to $415.3 million in q1 2024 gross loss was $159.2 million in q2 2024, compared to gross profit of $72.1 million in q1 2024.
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