Daqo new energy announces unaudited fourth quarter and fiscal year 2022 results

Shanghai , feb. 28, 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, today announced its unaudited financial results for the fourth quarter and fiscal year of 2022. fourth quarter 2022 financial and operating highlights polysilicon production volume was 33,702 mt in q4 2022, compared to 33,401 mt in q3 2022 polysilicon sales volume was 23,400 mt in q4 2022, compared to 33,126 mt in q3 2022 polysilicon average total production cost(1) was $7.69/kg in q4 2022, compared to $6.82/kg in q3 2022 polysilicon average cash cost(1) was $6.78/kg in q4 2022, compared to $6.06/kg in q3 2022 polysilicon average selling price (asp) was $37.41/kg in q4 2022, compared to $36.44/kg in q3 2022 revenue was $864.3 million in q4 2022, compared to $1,219.7 million in q3 2022 gross profit was $668.9 million in q4 2022, compared to $978.6 million in q3 2022.
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