Last $25.27 USD
Change Today +0.15 / 0.60%
Volume 99.8K
DQ On Other Exchanges
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Exchange
New York
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As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

daqo new energy corp-adr (DQ) Snapshot

Open
$25.25
Previous Close
$25.12
Day High
$25.97
Day Low
$24.94
52 Week High
03/6/14 - $56.98
52 Week Low
08/7/13 - $8.25
Market Cap
225.8M
Average Volume 10 Days
69.1K
EPS TTM
$4.63
Shares Outstanding
8.9M
EX-Date
--
P/E TM
5.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for DAQO NEW ENERGY CORP-ADR (DQ)

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daqo new energy corp-adr (DQ) 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 (DQ) Top Compensated Officers

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Executives, Board Directors

daqo new energy corp-adr (DQ) Key Developments

Daqo New Energy Corp. Appoints Qiangmin Zhou as Chief Operations Officer

Daqo New Energy Corp. announced that its board of directors has approved the appointment of Mr. Qiangmin Zhou as the Chief Operations Officer of the company, effective immediately. First joining the company in 2007, Mr. Qiangmin Zhou served as the General Manager of the polysilicon business group and then as the Chief Operations Officer. He resigned from the company for personal reasons in April 2013 and rejoined Daqo New Energy in June 2014.

Daqo New Energy Corp. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Second Quarter and Full Year of 2014; Provides Capex Guidance for the Full Year of 2014

Daqo New Energy Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $42,087,000 against $37,039,000 a year ago. Income from operations was $6,624,000 against loss from operations of $4,072,000 a year ago. Income before income taxes was $2,630,000 against loss before income taxes of $8,220,000 a year ago. Net income was $8,280,000 against net loss of $2,630,000 a year ago. Net income attributable to company’s shareholders was $2,630,000 against net loss attributable to company’s shareholders of $8,014,000 a year ago. Diluted income per share was $0.37 against diluted loss of $2.70 a year ago. Net cash provided by operating activities was $15,219,000 against net cash used in operating activities of $24,289,000 a year ago. Purchases of property, plant and equipment was $4,398,000 against $4,165,000 a year ago. EBITDA (non-GAAP) was $13,682,000 against EBITDA (non-GAAP) loss of $2,401,000 a year ago. The company expended EBITDA margin to 32.5% from 21.9% in the previous quarter and produced positive net income attributable to the company of $2.6 million. The company generated a revenue of $30.1 million from polysilicon, a 24% increase relative to revenue of $24.2 million in the fourth quarter of last year. The increase in revenue is primarily attributable to high sales volumes and high average selling prices. Operating margin was 15.7% compared to a negative 11% in the fourth quarter of last year and a negative 114.7% in the first quarter of 2013. For the first quarter of 2014, the company produced 1,517 MT of polysilicon, up from 1,445 MT and 1,311 MT in the fourth and third quarters of 2013, respectively. Polysilicon production reached nameplate capacity of 6,150 MT in the first quarter of 2014. The company shipped 1,391 MT of polysilicon and 16.8 million pieces of wafer in the first quarter of 2014, compared with 1,271 MT of polysilicon and 16.7 million pieces of wafer in the fourth quarter of 2013. For the first quarter of 2014, polysilicon shipments were approximately 1,391 metric tons against 706 metric tons a year ago. For the second quarter of 2014, the company expects to ship 1,375 MT to 1,400 MT of polysilicon. The company also expects to ship approximately 16.6 million to 17.0 million pieces of wafer. The company have spent approximately $22 million on the expansion project with further $59 million to be spent through the remainder of 2014. The company expects to increase the production capacity from 6,150 MT to 12,150 MT by the end of 2014.

Daqo New Energy Corp. to Report Q1, 2014 Results on May 12, 2014

Daqo New Energy Corp. announced that they will report Q1, 2014 results at 5:00 PM, China Standard Time on May 12, 2014

 

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