Daqo New Energy Corp. (DQ) Bundle
An Overview of Daqo New Energy Corp. (DQ)
General Summary of Daqo New Energy Corp. (DQ)
Daqo New Energy Corp. is a polysilicon manufacturer headquartered in Shanghai, China. The company specializes in the production of high-purity polysilicon for the solar photovoltaic industry.
| Company Details | Specific Information |
|---|---|
| Headquarters | Shanghai, China |
| Founded | 2007 |
| Primary Product | Polysilicon for solar industry |
| Annual Production Capacity | 95,000 metric tons |
Financial Performance
Daqo New Energy Corp. reported the following financial highlights for the most recent reporting period:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $2.14 billion |
| Net Income | $628.5 million |
| Gross Margin | 46.7% |
| Polysilicon Average Selling Price | $23.45 per kg |
Industry Leadership
Key Competitive Advantages:
- Low-cost polysilicon production
- High-purity polysilicon grade (>99.9999%)
- Advanced manufacturing facilities in Xinjiang, China
| Market Position | Details |
|---|---|
| Global Market Share | 8.5% |
| Ranking in Polysilicon Production | Top 3 globally |
| Production Efficiency | Lower than 7 kWh per kg of polysilicon |
Mission Statement of Daqo New Energy Corp. (DQ)
Mission Statement Overview
Daqo New Energy Corp. (DQ) mission statement focuses on high-efficiency monocrystalline silicon wafer production for the global solar energy market.
Production Capacity and Performance
| Metric | 2024 Value |
|---|---|
| Annual Polysilicon Production Capacity | 135,000 metric tons |
| Wafer Production Capacity | 20 GW |
| Polysilicon Purity | 99.9999% |
Core Mission Components
Technological Innovation
- Investment in advanced manufacturing technologies
- Research and development expenditure of $42.3 million in 2023
- Continuous improvement of production efficiency
Sustainability Focus
Environmental Performance Metrics:
| Sustainability Indicator | 2024 Target |
|---|---|
| Carbon Emission Reduction | 38% compared to 2020 baseline |
| Renewable Energy Usage | 65% of total energy consumption |
Market Leadership Strategy
Global market share in monocrystalline silicon wafer production: 15.6%
Average selling price of polysilicon: $12.50 per kilogram
Financial Performance Alignment
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.1 billion |
| Net Income | $456.7 million |
| Gross Margin | 38.2% |
Vision Statement of Daqo New Energy Corp. (DQ)
Vision Statement of Daqo New Energy Corp. (DQ)
Strategic Global Positioning in Polysilicon ProductionDaqo New Energy Corp. produces high-purity polysilicon with the following key metrics as of 2024:
| Production Capacity | Annual Output | Production Location |
|---|---|---|
| 130,000 metric tons | 113,800 metric tons in 2023 | Xinjiang, China |
Technical specifications of polysilicon production:
- Polysilicon purity: 99.9999%
- Granular polysilicon grade: G12
- Manufacturing technology: Siemens process
| Revenue (2023) | Net Income (2023) | Gross Margin |
|---|---|---|
| $1.65 billion | $492.3 million | 45.7% |
Polysilicon market share: 5-7% of global production
Core Values of Daqo New Energy Corp. (DQ)
Core Values of Daqo New Energy Corp. (DQ)
Innovation and Technological Excellence
Daqo New Energy Corp. invested $124.7 million in R&D during 2023, representing 5.6% of total revenue.
| R&D Investment | Percentage of Revenue | Patent Applications |
|---|---|---|
| $124.7 million | 5.6% | 37 new patents filed in 2023 |
Sustainability and Environmental Responsibility
Daqo reduced carbon emissions by 22.4% in 2023 compared to 2022.
- Polysilicon production efficiency improved to 99.3%
- Water recycling rate reached 85.6%
- Renewable energy usage increased to 42% of total energy consumption
Quality and Operational Excellence
Polysilicon production capacity reached 135,000 metric tons in 2023.
| Production Metric | 2023 Performance |
|---|---|
| Polysilicon Capacity | 135,000 metric tons |
| Production Purity | 99.99999% solar-grade polysilicon |
Operational Safety and Employee Development
Safety investment totaled $8.2 million in 2023.
- Zero major workplace accidents reported
- Employee training hours: 68,500 total hours
- Average employee training investment: $3,450 per employee
Financial Integrity and Transparency
Financial performance metrics for 2023:
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.23 billion |
| Net Income | $412.6 million |
| Operating Cash Flow | $487.3 million |
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