Daqo new energy's subsidiary xinjiang daqo provides preliminary estimates of net profit for 2022

Shanghai , jan. 19, 2023 /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, announced that its subsidiary xinjiang daqo new energy ("xinjiang daqo") had provided estimate of its net profit in 2022 to the shanghai stock exchange. xinjiang daqo estimates that under prc gaap its net profit attributable to xinjiang daqo's shareholders in 2022 would be in the range of rmb19.0~19.2 billion, representing a 231.9%~235.4% increase as compared to net profit attributable to xinjiang daqo's shareholders of rmb5.7 billion in 2021.
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