Mengwen Wang's questions to Daqo New Energy Corp (DQ) leadership • Q4 2024
Question
Mengwen Wang of Goldman Sachs inquired about the specific market "turning point" needed to increase production, the basis for the 2025 production guidance, and the current utilization rates at the Xinjiang and Inner Mongolia facilities.
Answer
Deputy CEO Anita Zhu explained that a clear turning point is difficult to predict due to massive industry overcapacity. She stated the 2025 production target is a strategic decision to limit cash burn while adhering to industry self-regulation measures. Zhu confirmed both facilities remain operational for strategic and social responsibility reasons, though utilization could be reduced further if market conditions deteriorate.