Zihui Hu's questions to DAQO NEW ENERGY (DQ) leadership • Q2 2025
Question
Zihui Hu of CICC asked about the company's sales plan and future utilization rates, given the low sales volume in the second quarter. She also inquired about additional methods being used to reduce production costs beyond the decline in cash costs.
Answer
Deputy CEO Anita Zhu explained that Q2 sales were intentionally lowered because prices were below cash cost, and the company was awaiting policy clarity before adjusting its sales strategy. CFO Ming Yang added that the current utilization rate is 30-35% and will be adjusted based on market conditions. He noted that cost improvements in Q2 came from manufacturing efficiency, lower energy use, and reduced silicon metal costs, with further improvements expected in Q3.