Daqo new energy announces unaudited fourth quarter and fiscal year 2021 results

Shanghai, feb. 28, 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 fourth quarter and fiscal year of 2021. fourth quarter 2021 financial and operating highlights polysilicon production volume was 23,616 mt in q4 2021, compared to 21,684 mt in q3 2021 polysilicon sales volume was 11,642 mt in q4 2021, compared to 21,183 mt in q3 2021 polysilicon average total production cost(1) was $14.11/kg in q4 2021, compared to $6.84/kg in q3 2021 polysilicon average cash cost(1) was $13.32/kg in q4 2021, compared to $5.96/kg in q3 2021 polysilicon average selling price (asp) was $33.91/kg in q4 2021, compared to $27.55/kg in q3 2021 revenue was $395.5 million in q4 2021, compared to $585.8 million in q3 2021 gross profit was $239.8 million in q4 2021, compared to $435.2 million in q3 2021.
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