Daqo new energy's subsidiary xinjiang daqo provides preliminary estimate of net profit for fy2023

Shanghai , jan. 30, 2024 /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 that its subsidiary xinjiang daqo new energy ("xinjiang daqo") has provided an estimate of its net profit for the fiscal year 2023 ended december 31, 2023 to the shanghai stock exchange. xinjiang daqo estimates that under prc gaap, its net profit attributable to xinjiang daqo's shareholders in fy2023 would be in the range of rmb5.7~5.8 billion, representing a 69.7%~70.2% year-over-year decrease compared to net profit attributable to xinjiang daqo's shareholders of rmb19.12 billion in fy2022.
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