Daqo New Energy Corp. announced its chief operation officer, Mr. Qiangmin Zhou has resigned for personal reasons. Mr. Zhou's decision is not the result of any dispute or disagreement with the Company or its Board on any matter relating to the Company's operations, policies or practices. The company's chief executive officer, Dr. Gongda Yao will serve as acting chief operation officer.

Daqo New Energy Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of $6,193,000 against $27,346,000 a year ago. Loss from operations was $55,889,000 against $45,669,000 a year ago. Loss before income taxes was $59,320,000 against $47,862,000 a year ago. Net loss from continuing operations was $79,237,000 against $36,727,000 a year ago. Net loss was $79,237,000 against $39,163,000 a year ago. Net loss attributable to shareholders was $75,592,000 against $39,422,000 a year ago. Diluted loss per share from continuing operations was $10.76 against $5.61 a year ago. For the year, the company reported revenues of $86,858,000 against $232,170,000 a year ago. Loss from operations was $88,518,000 against income from operations of $50,752,000 a year ago. Loss before income taxes was $102,992,000 against income before income taxes of $43,490,000 a year ago. Net loss from continuing operations was $113,246,000 against income from continuing operations of $40,772,000 a year ago. Net loss was $115,639,000 against net income of $34,914,000 a year ago. Net loss attributable to shareholders was $111,931,000 against profit attributable to shareholders of $33,324,000 a year ago. Diluted loss per share from continuing operations was $15.92 against EPS of $4.74 a year ago. For the first quarter of 2013, the company expects to ship 720 MT of polysilicon. The company also expects to ship approximately 3.6 MW of wafer and 150 MT of polysilicon ingots and blocks. For the fourth quarter of 2012, the company reported polysilicon shipments were approximately 592 metric tons, or MT, including 323 MT shipped from Xinjiang facilities. Wafer shipments were 4.8 MW. For the year, the company reported polysilicon shipments were 3,585 MT including 323 MT shipped from Xinjiang facilities in the fourth quarter of 2012. Polysilicon shipments in 2012 decreased 9.2% from 2011.

Daqo New Energy Corp. announced that they will report Q4, 2012 results at 5:00 PM, China Standard Time on Apr 01, 2013