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Last $27.12 USD
Change Today -0.33 / -1.20%
Volume 109.4K
DQ On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

daqo new energy corp-adr (DQ) Snapshot

Open
$27.05
Previous Close
$27.45
Day High
$27.15
Day Low
$26.00
52 Week High
09/10/14 - $48.18
52 Week Low
01/20/15 - $17.70
Market Cap
284.3M
Average Volume 10 Days
104.3K
EPS TTM
$2.00
Shares Outstanding
10.5M
EX-Date
--
P/E TM
13.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for DAQO NEW ENERGY CORP-ADR (DQ)

daqo new energy corp-adr (DQ) Related Businessweek News

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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.

1,408 Employees
Last Reported Date: 04/17/15
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. Announces Executive Changes

Daqo New Energy Corp. announced its chief financial officer, Bing Sun, is leaving the company to pursue other professional interests, effective April 30, 2015. The current general manager of the company's Xinjiang polysilicon facilities, Mr. Shihua Su, who previously served as its financial controller, will act as acting chief financial officer until a successor is on board.

Daqo New Energy Corp. Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for 2015 and 2016 and Operating Guidance for the First Quarter of 2015

Daqo New Energy Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, revenue was $49,472,000, profit from operations was $7,613,000, profit before income taxes was $3,606,000, net profit was $3,606,000, net profit attributable to company shareholders was $3,606,000 or $0.39 per diluted ADS compared to revenue of $37,039,000, loss from operations of $4,072,000, loss before income taxes of $8,220,000, net loss of $8,280,000, net loss attributable to company shareholders of $8,014,000 or $1.16 per diluted ADS a year ago. EBITDA was $14,665,000 against $8,096,000 a year ago. The company recorded capital expenditure of $18.1 million on Xinjiang's Phase 2b in the fourth quarter of 2014. For the year, revenue was $182,572,000, income from operations was $32,035,000, income before income taxes was $16,649,000, net profit was $16,649,000, net profit attributable to company shareholders was $16,649,000 or $1.97 per diluted ADS compared to revenue of $109,000,000, loss from operations of $200,631,000, loss before income taxes of $219,818,000, net loss of $221,091,000, net loss attributable to company shareholders of $70,943,000 or $10.25 per diluted ADS a year ago. The increase in total Revenue was primarily attributable to higher sales volumes, as well as higher average selling prices in both polysilicon and wafers. Net cash provided by operating activities was $45,620,000 compared to net cash used in operating activities of $16,525,000 a year ago. Purchases of property, plant and equipment amounted to $77,029,000 compared to $32,505,000 a year ago. The improvement in operating cash flow was primarily due to the recovery of sales prices associated with improvements in the overall solar market and continuous cost reduction efforts at Xinjiang facilities. As of December 31, 2014, the company recorded capital expenditure of $81.1 million on Xinjiang's Phase 2b. The company increased quarterly production volume to 1,791 metric ton in the fourth quarter of 2014. In the fourth quarter of 2014, the company shipped 1,537 metric tons of polysilicon and the 17.8 million pieces of wafers. The company shipped approximately 5,962 metric ton of polysilicon and 70.4 million pieces of wafer during 2014 compared to 4,240 metric ton of polysilicon and 33.5 million pieces of wafer for 2013. The company capital expenditure expects to further spend $56.4 million in 2015 and another $14.4 million in 2016. For the first quarter of 2015, the company expects to ship 1,500 metric tons of polysilicon. The company also expect to ship about 70.5 million to 80 million pieces of wafers.

Daqo New Energy Corp. to Report Q4, 2014 Results on Apr 10, 2015

Daqo New Energy Corp. announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on Apr 10, 2015

 

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