Daqo new energy's subsidiary xinjiang daqo provides preliminary estimates of net profit for the first half of 2022

Shanghai , july 8, 2022 /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, announced that its subsidiary xinjiang daqo new energy ("xinjiang daqo") has provided estimates of its net profit in the first half of 2022 to the shanghai stock exchange. xinjiang daqo estimates that under prc gaap, its net profit attributable to xinjiang daqo's shareholders in the first half of 2022 would be in the range of rmb 9.4 - 9.6 billion, representing a 335.03%~344.28% increase as compared to net profit attributable to xinjiang daqo's shareholders of rmb 2.16 billion in the first half of 2021.
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