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    Non-energy minerals

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Xinjiang Daqo New Energy Co. Ltd. Class A

Xinjiang Daqo New Energy Co. Ltd. Class A

SSSE:688303
16.57
CNY
+0.30
(+1.84%)
-1.05EPS
37.39BMarket Cap
Oct 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.83
2.4
1.42
1.99
3.38
2.02
1.77
3.08
6.15
15.21
7.65
3.46
2.27
1.3
Basic EPS, GAAP
-0.1
0.49
0.16
0.43
1.03
0.41
0.18
0.69
3.25
9.4
2.7
-1.27
-0.53
-1.05
Free Cash Flow per Basic Share
0.1
0.28
-0.24
0.36
0.13
-0.55
-1.23
-0.02
0.42
3.36
1.65
-2.76
-0.82
- -
Dividend per Share
0.08
0.19
0.12
0.23
0.16
0.07
0.07
0.07
0.03
0.61
3.61
0.42
- -
- -
Book Value per Share
0.23
1.03
1.29
1.73
2.78
1.85
2.05
2.87
8.55
21.31
20.46
18.72
18.19
17.42
Tangible Book Value per Share
-0.03
0.77
1.04
1.48
2.54
1.76
1.93
2.75
8.42
21.05
19.95
18.19
17.67
16.91
Basic Weighted Avg Shares
650
363
649
656
651
988
1,373
1,512
1,761
2,034
2,134
2,140
2,131
2,142
Sales/Revenue/Turnover
540
871
922
1,303
2,201
1,994
2,426
4,664
10,832
30,940
16,329
7,411
4,839
2,781
Operating Margin (%)
-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
-32.73
Depreciation Expense
151
105
129
154
190
185
274
461
502
722
1,053
1,501
1,728
- -
Net Income, GAAP
-62
178
104
282
671
405
247
1,043
5,724
19,121
5,763
-2,718
-1,129
-2,240
Effective Tax Rate (%)
- -
5.64
6.63
14.76
15.15
16.04
20.16
14.68
14.93
14.87
16.11
- -
- -
- -
Profit Margin (%)
-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
-80.52
Working Capital
-1,262
-1,501
-1,194
-1,312
-640
-129
-2,035
-765
7,235
28,122
17,499
12,806
12,908
12,117
LT Debt
600
460
770
777
725
917
1,055
804
- -
- -
- -
- -
- -
- -
Total Equity
153
671
840
1,125
1,808
3,013
3,333
4,668
16,469
45,542
43,879
40,158
39,023
37,375
Return on Invested Capital (%)
- -
14.32
4.51
10.92
22.76
10.73
4.8
16.36
48.01
59.56
12.61
- -
- -
- -
Return on Capital (%)
- -
15.18
5.66
11.68
26.95
12.82
6.14
19.21
50.62
61.62
13.03
- -
- -
- -
Return on Common Equity (%)
- -
43.19
13.74
28.72
45.74
16.81
7.79
26.11
54.18
61.67
12.89
-6.47
-2.85
-5.82

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,145
2,145
2,145
Market Capitalization
57,534
45,049
37,391

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,373
15,171
15,089
Cash, Cash Equivalents & STI
5,256
3,611
3,407
Accounts Receivable, Net
- -
- -
2
Inventories
1,351
1,951
2,661
Total Current Liabilities
3,465
2,894
2,972
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
434
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
-0.47
-0.2
-0.76
-1.27
2025
-0.26
-0.28
- -
-0.03
-0.53
2026
-0.37
-0.37
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.42
- -
- -
0.42
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wen Gang Zhu
Full Time Employees
3,831
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
No. 66, North 20th Road Shanghai SH China 832000
IPO Date
Jul 22, 2021
Website
xjdqsolar.com
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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.