Daqo new energy announces unaudited fourth quarter and fiscal year 2023 results

Shanghai , feb. 28, 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 its unaudited financial results for the fourth quarter and fiscal year of 2023. fourth quarter 2023 financial and operating highlights polysilicon production volume was 61,014 mt in q4 2023, compared to 57,664 mt in q3 2023 polysilicon sales volume was 59,906 mt in q4 2023, compared to 63,263 mt in q3 2023 polysilicon average total production cost(1) was $6.50/kg in q4 2023, compared to $6.52/kg in q3 2023 polysilicon average cash cost(1) was $5.72/kg in q4 2023, compared to $5.67/kg in q3 2023 polysilicon average selling price (asp) was $7.97/kg in q4 2023, compared to $7.68/kg in q3 2023 revenue was $477.1 million in q4 2023, compared to $484.8 million in q3 2023 gross profit was $87.2 million in q4 2023, compared to $67.8 million in q3 2023.
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