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    Industrial - Machinery
Xinjiang Daqo New Energy Co.,Ltd.

Xinjiang Daqo New Energy Co.,Ltd.

688303.SS
Xinjiang Daqo New Energy Co.,Ltd.CN flagShanghai Stock Exchange
21.71
CNY
+2.99
- -
46.34BMarket Cap
Xinjiang Daqo New Energy Co.,Ltd.
688303.SS
(Shanghai Stock Exchange)

Recent

price

21.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
2.4
1.42
1.99
3.38
2.02
1.77
3.08
6.15
15.21
7.65
3.46
2.27
2
Revenue per Share
- -
0.49
0.16
0.43
1.03
0.41
0.18
0.69
3.25
9.4
2.7
-1.27
-0.53
-1.49
Basic EPS, GAAP
- -
0.28
-0.24
0.36
0.13
-0.55
-1.23
-0.02
0.42
3.36
1.65
-2.76
-0.82
0.04
Free Cash Flow per Basic Share
- -
0.19
0.12
0.23
0.16
0.07
0.07
0.07
0.03
0.61
3.61
0.42
- -
- -
Dividend per Share
- -
1.81
1.08
1.46
2.39
2.69
2.1
2.68
5.4
13.5
11.97
10.24
9.76
9.68
Book Value per Share
- -
1.39
1.04
1.47
2.54
2.89
2.29
2.96
9.21
22.12
20.05
18.23
17.79
17.65
Tangible Book Value per Share
- -
363
649
656
651
988
1,373
1,512
1,761
2,034
2,134
2,140
2,131
2,146
Basic Weighted Avg Shares
540
871
922
1,303
2,201
1,994
2,426
4,664
10,832
30,940
16,329
7,411
4,839
4,297
Sales/Revenue/Turnover
-3.57
30.77
19.96
31.25
41.26
27.38
15.87
30.62
63.46
72.53
40.44
-3.82
-9.15
-20.43
Operating Margin (%)
151
105
129
154
190
185
274
461
502
722
1,053
1,501
1,728
- -
Depreciation Expense
-62
178
104
282
671
405
247
1,043
5,724
19,121
5,763
-2,718
-1,129
-3,195
Net Income, GAAP
- -
5.64
6.63
14.76
15.15
16.04
20.16
14.68
14.93
14.87
16.11
- -
- -
- -
Effective Tax Rate (%)
-11.56
20.41
11.25
21.66
30.47
20.32
10.18
22.37
52.84
61.8
35.29
-36.68
-23.34
-74.35
Profit Margin (%)
-1,262
-1,501
-1,194
-1,312
-640
-129
-2,035
-765
7,235
28,122
17,499
12,806
12,908
12,286
Working Capital
600
460
770
777
725
917
1,055
804
- -
- -
- -
- -
- -
- -
LT Debt
153
671
840
1,125
1,808
3,013
3,333
4,668
16,469
45,542
43,879
40,158
39,023
39,014
Total Equity
- -
21.55
9.35
14.21
26.15
12.14
5.99
19.02
48.93
59.33
12.07
- -
- -
- -
Return on Invested Capital (%)
- -
15.29
5.91
12.46
29.07
13.97
6.67
20.97
75.04
102.9
21.95
- -
- -
- -
Return on Capital (%)
- -
44.11
15.27
33.97
53.35
19.24
8.93
30.09
84.38
103.44
21.75
-11.45
-5.29
-14.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,145
2,145
2,145
Market Capitalization
53,207
41,637
45,757

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
16,566
16,066
15,443
Cash, Cash Equivalents & STI
5,007
4,324
4,660
Accounts Receivable, Net
- -
1
- -
Inventories
1,196
1,013
1,296
Total Current Liabilities
3,761
3,288
3,156
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
62.64%
82.88%
-2.83%
Free Cash Flow
-357.1%
-520.86%
-70.51%
Net Income, GAAP
96.04%
81.43%
-58.46%
Sales/Revenue/Turnover
39.6%
36.26%
-34.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,982
1,602
1,421
1,406
7,411
2025
907
563
1,596
- -
4,839
2026
189
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
- -
- -
- -
-1.27
2025
-0.26
- -
- -
- -
-0.53
2026
-0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.42
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Xinjiang Daqo New Energy Co., Ltd. (688303.SS) manufactures and sells high-purity polysilicon and related silicon-based materials for the solar photovoltaic industry in China. The company produces P-type single crystal coral, re-feeding material, loose bulk material, coral small material, and dense bulk material; N-type single crystal materials; and polycrystalline dense blocks, rods, loose blocks, and rods, utilizing advanced modified Siemens processes with cold hydrogenation, tetrachlorosilane utilization, high-boiler recovery, and waste heat recovery technologies to achieve industry-leading efficiency and cost advantages. Founded in February 2011 as a subsidiary of NYSE-listed Daqo New Energy Corp., which holds approximately 72.4% equity interest, Xinjiang Daqo is headquartered at No. 16 Weiliu Road, New Chemical Material Industrial Park, Shihezi Economic Development Zone, Shihezi, Xinjiang Uygur Autonomous Region, China, with primary operations concentrated in this low-cost energy region. In recent developments, the company listed on the Shanghai Stock Exchange STAR Market in July 2021, expanded polysilicon production capacity toward 100,000 metric tons annually by late 2024 from prior levels around 70,000 tons, reported a preliminary net loss of RMB2.6-3.1 billion for fiscal 2024 under PRC GAAP due to inventory and fixed asset impairment provisions amid market pressures following RMB5.8 billion profit in 2023, and resolved a key litigation in 2024 confirming termination of a prior business cooperation agreement. Xinjiang Daqo serves global solar PV manufacturers as a leading low-cost producer, recognized as a national high-tech enterprise with engineering labs for photovoltaic silicon materials and aligned with China's carbon neutrality goals through sustainability initiatives targeting 30% emissions reduction by 2025.