Daqo New Energy Corp (DQ) Earnings

Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. The company is headquartered in Chongqing, Chongqing and currently employs 4,749 full-time employees. The company went IPO on 2010-10-07. The firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The firm's segments include Polysilicon and Wafer. The firm manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The firm offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The firm offers wafers through its downstream photovoltaic product manufacturing business. The firm also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The firm's wafer manufacturing annual capacity is approximately 90 million pieces.