Daqo New Energy Corp. manufactures and sells polysilicon to photovoltaic product manufacturers in China, who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. It also offers wafers through its downstream photovoltaic product manufacturing business. Customers and Sales The company sells polysilicon and wafers to China-based photovoltaic product manufacturers. Its major customers include operating entities of Jiangsu Meike Silicon Energy, Zhenjiang Daqo Solar, Hanwha SolarOne, JinkoSolar and EGing PV. The company sells a substantial portion of its photovoltaic products to various customers. The company’s customers include JinkoSolar, JA Solar, Shanghai Alex New Energy, and LDK Solar. Intellectual Property As of December 31, 2014, the company held 25 patents and had 15 additional pending patent applications covering different aspects of the polysilicon manufacturing process. Competition The company’s competitors include international polysilicon and wafer manufacturers, such as Hemlock, Wacker, OCI, REC, and MEMC; and Chinese domestic polysilicon and wafer manufacturers, such as GCL-Poly, TBEA, China Silicon Corporation, Sichuan Xinguang Silicon Science and Technology, LDK Solar, and ReneSola. History The company was founded in 2007. It was incorporated in Cayman Islands as Mega Stand International Limited in 2007. The company changed its name to Daqo New Energy Corp. in 2009.
daqo new energy corp-adr
(DQ:New York Consolidated)
666 Longdu Avenue
Phone: 86 23 6486 6666
Fax: 86 23 6486 6688www.dqsolar.com
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