Daqo new energy announces unaudited first quarter 2021 results

Shanghai, may 18, 2021 /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 2021. first quarter 2021 financial and operating highlights polysilicon production volume was 20,185 mt in q1 2021, compared to 21,008 mt in q4 2020 polysilicon sales volume was 21,471 mt in q1 2021, compared to 23,186 mt in q4 2020 polysilicon average total production cost(1) was $6.29/kg in q1 2021, compared to $5.92/kg in q4 2020 polysilicon average cash cost(1) was $5.37/kg in q1 2021, compared to $5.04/kg in q4 2020 polysilicon average selling price (asp) was $11.90/kg in q1 2021, compared to $10.79/kg in q4 2020 revenue was $256.1 million in q1 2021, compared to $247.7 million in q4 2020 gross profit was $118.9 million in q1 2021, compared to $109.5 million in q4 2020.
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