Daqo new energy announces unaudited first quarter 2023 results

Shanghai , april 27, 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 first quarter of 2023. first quarter 2023 financial and operating highlights polysilicon production volume was 33,848 mt in q1 2023, compared to 33,702 mt in q4 2022 polysilicon sales volume was 25,284 mt in q1 2023, compared to 23,400 mt in q4 2022 polysilicon average total production cost(1) was $7.55/kg in q1 2023, compared to $7.69/kg in q4 2022 polysilicon average cash cost(1) was $6.61/kg in q1 2023, compared to $6.78/kg in q4 2022 polysilicon average selling price (asp) was $27.83/kg in q1 2023, compared to $37.41/kg in q4 2022 revenue was $709.8 million in q1 2023, compared to $864.3 million in q4 2022 gross profit was $506.7 million in q1 2023, compared to $668.9 million in q4 2022.
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