Daqo new energy announces unaudited second quarter 2023 results

Shanghai , aug. 3, 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 second quarter of 2023. second quarter 2023 financial and operating highlights polysilicon production volume was 45,306 mt in q2 2023, compared to 33,848 mt in q1 2023 polysilicon sales volume was 51,550 mt in q2 2023, compared to 25,284 mt in q1 2023 polysilicon average total production cost(1) was $6.92/kg in q2 2023, compared to $7.55/kg in q1 2023 polysilicon average cash cost(1) was $6.05/kg in q2 2023, compared to $6.61/kg in q1 2023 polysilicon average selling price (asp) was $12.33/kg in q2 2023, compared to $27.83/kg in q1 2023 revenue was $636.7 million in q2 2023, compared to $709.8 million in q1 2023 gross profit was $258.9 million in q2 2023, compared to $506.7 million in q1 2023.
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