Daqo new energy's subsidiary xinjiang daqo provides preliminary estimates of net profit for full year 2021

Shanghai, jan. 24, 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, announced that its subsidiary xinjiang daqo new energy ("xinjiang daqo") had provided estimates of its net profit in 2021 to the shanghai stock exchange. xinjiang daqo estimates that under prc gaap, its net profit attributable to xinjiang daqo's shareholders in 2021 would be in the range of rmb5.6~5.8 billion, representing a 437%~456% increase as compared to net profit attributable to xinjiang daqo's shareholders of rmb1.04 billion in 2020.
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