Daqo new energy announces unaudited first quarter 2022 results

Shanghai , april 21, 2022 /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 2022. first quarter 2022 financial and operating highlights polysilicon production volume was 31,383 mt in q1 2022, compared to 23,616 mt in q4 2021 polysilicon sales volume was 38,839 mt in q1 2022, compared to 11,642 mt in q4 2021 polysilicon average total production cost(1) was $10.09/kg in q1 2022, compared to $14.11/kg in q4 2021 polysilicon average cash cost(1) was $9.19/kg in q1 2022, compared to $13.32/kg in q4 2021 polysilicon average selling price (asp) was $32.76/kg in q1 2022, compared to $33.91/kg in q4 2021 revenue was $1,280.3 million in q1 2022, compared to $395.5 million in q4 2021 gross profit was $813.6 million in q1 2022, compared to $239.8 million in q4 2021.
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