Last €22.94 EUR
Change Today +0.025 / 0.11%
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As of 10:54 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

daqo new energy corp-adr (5DQ2) Snapshot

Open
€23.58
Previous Close
€22.91
Day High
€23.65
Day Low
€22.93
52 Week High
03/5/14 - €39.52
52 Week Low
05/21/14 - €15.67
Market Cap
205.0M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
8.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DAQO NEW ENERGY CORP-ADR (5DQ2)

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daqo new energy corp-adr (5DQ2) Details

Daqo New Energy Corp. manufactures and sells polysilicon and wafers in China. It operates through two segments, Polysilicon and Wafers. The company sells its polysilicon to photovoltaic product manufacturers, who further process it into ingots, wafers, cells, and modules for solar power solutions. It also manufactures and sells crystalline-silicon based photovoltaic products. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered in Wanzhou, the People’s Republic of China.

1,330 Employees
Last Reported Date: 04/14/14
Founded in 2006

daqo new energy corp-adr (5DQ2) Top Compensated Officers

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Executives, Board Directors

daqo new energy corp-adr (5DQ2) Key Developments

Daqo New Energy Corp. Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Cash Flow Results for the Nine Months Ended September 30, 2014; Provides Operating Guidance for the Fourth Quarter of 2014

Daqo New Energy Corp. announced unaudited consolidated earnings and operating results for the third quarter and cash flow results for the nine months ended September 30, 2014. Revenues were $47.3 million, increasing from $43.7 million in the second quarter of 2014 and $29.6 million in the third quarter of 2013. As a result of the foregoing, operating income was $9.5 million, compared to $8.3 million in the second quarter of 2014 and operating loss of $5.0 million in the third quarter of 2013. Operating margin was 20.0%, compared to 19.1% in the second quarter of 2014 and negative 16.8% in the second quarter of 2013. EBITDA was $16.4 million for the quarter, compared to $15.2 million in the second quarter of 2014 and $6.8 million in the third quarter of 2013. Net income attributable to company shareholders was $5.9 million, compared to $4.5 million in the second quarter of 2014 and net loss attributable to company shareholders of $10.3 million in the third quarters of 2013. Income per diluted ADS was $0.64 compared to loss per basic and diluted ADS of $1.49 in the third quarter of 2013. The basic outstanding ADS increased from 7.9 million shares in the second quarter to 8.9 million shares in the third quarter due to the follow-on offering in May 2014. Income before income taxes was $5.893 million against loss of $9.899 million a year ago. EBITDA (non-GAAP) was $16.387 million against $6.790 million a year ago. CapEx expenditure of $35.2 million was spent on Xinjiang expansion. The improvement for EBITDA compared to the second quarter is primarily due to the cost-reduction efforts on polysilicon manufacturing. Net cash provided by operating activities was $18.6 million compared to $13.9 million in second quarter of 2014. For the nine months ended September 30, 2014, net cash provided by operating activities was $47.7 million, compared to net cash used in operating activities of $16.8 million in the same period of 2013. Purchases of property, plant and equipment was $72.257 million against $14.150 million a year ago. As of September 30, 2014, $63.7 million of CapEx expenditure has been spent on Xinjiang expansion. For the quarter, the company reported polysilicon shipments of 1,598 MT against 1,288 MT a year ago. The company also shipped 18.5 million pieces of wafer, increasing from 17.6 million pieces in the previous quarter. For the fourth quarter of 2014, the Company expects to ship 1,500 MT to 1,550 MT of polysilicon. The Company also expects to ship approximately 16.8 million to 17.0 million pieces of wafer. This outlook reflects the current and preliminary view and may be subject to change. The ability to achieve this projection is subject to risks and uncertainties.

Daqo New Energy Corp. to Report Q3, 2014 Results on Nov 13, 2014

Daqo New Energy Corp. announced that they will report Q3, 2014 results at 8:00 AM, US Eastern Standard Time on Nov 13, 2014

Daqo New Energy Corp., Q3 2014 Earnings Call, Nov 13, 2014

Daqo New Energy Corp., Q3 2014 Earnings Call, Nov 13, 2014

 

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