Alan Hon

Gordon Johnson

Philip Shen

Alan Lau

Matthew Ingraham

Mengwen Wang

Ming Wang

Phil Shen

Zihui Hu

Alan Lang

Alan Young

Rajiv Chaudhri

W. L. Hon

- Daqo New Energy reported a significant financial recovery in Q3 2025, with **revenue increasing to $244.6 million** from $75.2 million in Q2 2025.  **[1477641_0001104659-25-102346_tm2529514d1_ex99-1.htm:0]** 
- The company achieved a **gross profit of $9.7 million** (3.9% gross margin) in Q3 2025, a recovery from a gross loss of $81.4 million (-108.3% gross margin) in Q2 2025.  **[1477641_0001104659-25-102346_tm2529514d1_ex99-1.htm:0]** 
- **Net loss attributable to shareholders narrowed to $14.9 million** ($0.22 loss per basic ADS) in Q3 2025, a substantial improvement from a $76.5 million net loss ($1.14 loss per basic ADS) in Q2 2025.  **[1477641_0001104659-25-102346_tm2529514d1_ex99-1.htm:0]** 
- Operational performance improved with **polysilicon sales volume reaching 42,406 MT** in Q3 2025, up from 18,126 MT in Q2 2025, and the average selling price (ASP) rising to **$5.80/kg** from $4.19/kg.  **[1477641_0001104659-25-102346_tm2529514d1_ex99-1.htm:0]** 
- For Q4 2025, the company anticipates polysilicon production volume to be between **39,500 MT and 42,500 MT**, contributing to a full-year 2025 production forecast of **121,000 MT to 124,000 MT**.  **[1477641_0001104659-25-102346_tm2529514d1_ex99-1.htm:2]**

Daqo New Energy Announces Q3 2025 Results with Revenue and Profitability Rebound

- Daqo New Energy reported a return to profitability in Q3 2025 with **adjusted net income of $3.7 million** and **EBITDA of $45.8 million**, alongside a significant increase in revenue to **$244.6 million**.  **[0001477641_2204707:4]** **[0001477641_2204707:9]** 
- The company maintained a strong financial position with **$2.21 billion** in total bank deposits and financial investment assets as of September 30, 2025.  **[0001477641_2204707:4]** **[0001477641_2204707:9]** 
- Polysilicon sales volume increased to **42,406 MT** in Q3 2025, up from 18,126 MT in Q2 2025, with the average selling price (ASP) rebounding to **$5.80/kg** from $4.19/kg in the prior quarter.  **[0001477641_2204707:9]** 
- For Q4 2025, Daqo New Energy expects polysilicon production volume to be between **39,500 MT and 42,500 MT**, leading to a full-year 2025 production forecast of **121,000 MT to 124,000 MT**.  **[0001477641_2204707:6]** **[0001477641_2204707:10]** 
- Management noted a gradual recovery in the solar PV market, with polysilicon prices rebounding significantly due to industry initiatives and new energy consumption standards in China aimed at curbing overcapacity.  **[0001477641_2204707:4]** **[0001477641_2204707:7]**

Daqo New Energy Reports Return to Profitability in Q3 2025 Amidst Market Recovery

- DQ New Energy reported **Q3 2025 revenues of $244.6 million**, achieving a **gross profit of $9.7 million** (3.9% gross margin), **positive EBITDA of USD 45.8 million**, and **adjusted net income of USD 3.7 million**.  **[0001477641_2205155_1]** **[0001477641_2205155_3]** 
- Polysilicon production for the quarter was **30,650 metric tons**, slightly above guidance, and sales volume sharply increased to **42,406 metric tons** from 18,126 metric tons in the previous quarter.  **[0001477641_2205155_1]** 
- The company achieved significant cost reductions, with total production costs declining **12% to US$6.38 per kilogram** and cash costs decreasing **11% to US$4.54 per kilogram** in Q3 2025, marking the lowest cash cost in its history.  **[0001477641_2205155_1]** 
- DQ expects **positive gross margins for Q4 2025** and anticipates full-year 2025 polysilicon production to be in the range of **121,000 to 124,000 metric tons**.  **[0001477641_2205155_1]** **[0001477641_2205155_4]** 
- As of September 30, 2025, the company maintained a strong financial position with a **cash balance of USD $552 million** and **USD 2.21 billion** in bank deposits and financial investment assets readily convertible into cash.  **[0001477641_2205155_1]**

DQ New Energy Reports Positive Q3 2025 EBITDA and Adjusted Net Income Amidst Market Recovery

- Daqo New Energy reported a significant financial recovery in Q3 2025, with **revenues of $244.6 million**, **positive EBITDA of $45.8 million**, and **adjusted net income of $3.7 million**, marking a return to **positive gross margins of 3.9%**.  **[0001477641_2205528_1]** **[0001477641_2205528_3]** 
- Polysilicon production for Q3 2025 reached **30,650 metric tons**, and sales volume sharply increased to **42,406 metric tons**, while total production costs declined by **12% to $6.38 per kilogram**.  **[0001477641_2205528_1]** 
- The company anticipates Q4 2025 polysilicon production to be **39,500-42,500 metric tons**, with full-year 2025 production between **121,000-124,000 metric tons**, and expects Q4 gross margins to remain positive with further cost reductions.  **[0001477641_2205528_1]** **[0001477641_2205528_5]** **[0001477641_2205528_7]** 
- Polysilicon prices rebounded in Q3 2025 to **RMB 49-RMB 55 per kilogram** by quarter-end, driven by industry anti-involution initiatives and new energy consumption standards, with expectations for prices to rise to **RMB 60-RMB 80 per kilogram** after industry consolidation.  **[0001477641_2205528_2]** **[0001477641_2205528_7]** 
- As of September 30, 2025, Daqo New Energy maintained a strong financial position with **$2.21 billion** in bank deposits and financial investment assets readily convertible into cash.  **[0001477641_2205528_1]**  The share repurchase program is currently delayed pending clarity on industry consolidation investment.  **[0001477641_2205528_8]**

Daqo New Energy Returns to Profitability in Q3 2025

- Daqo New Energy reported a significant financial turnaround in Q3 2025, achieving **positive EBITDA of $45.8 million** and **adjusted net income of $3.7 million**, driven by a **sharp increase in revenues to $244.6 million** and a **gross margin of 3.9%**.  **[0001477641_2205419_1]** **[0001477641_2205419_4]** 
- Operational performance improved with polysilicon sales volume more than doubling to **42,406 metric tons** from the previous quarter, while total production costs decreased by **12% to $6.38 per kilogram**, and cash costs reached a historical low of **$4.54 per kilogram**.  **[0001477641_2205419_1]** **[0001477641_2205419_2]** 
- The company anticipates continued **positive gross margins for Q4 2025 and full-year 2026**, with Q4 2025 polysilicon production guided between **39,500 to 42,500 metric tons**, and expects polysilicon prices to rise further after industry consolidation.  **[0001477641_2205419_2]** **[0001477641_2205419_6]** **[0001477641_2205419_9]** 
- Daqo New Energy maintains a strong balance sheet with **$2.21 billion** in bank deposits and financial investment assets readily convertible into cash as of September 30, 2025.  **[0001477641_2205419_1]**

Daqo New Energy Reports Q3 2025 Financial Turnaround with Positive EBITDA and Adjusted Net Income

- Daqo New Energy reported **positive EBITDA of $45.8 million** and **adjusted net income of $3.7 million** for Q3 2025, reflecting a recovery in the polysilicon market.  **[0001477641_2205072_1]** 
- The company achieved a significant increase in sales volume to **42,406 metric tons** in Q3 2025, up from 18,126 metric tons in the prior quarter, and reduced its inventory to a healthy level.  **[0001477641_2205072_1]** 
- Operational efficiency improved, with total production costs declining **12% to $6.38 per kilogram** and cash costs reaching a company-low of **$4.54 per kilogram** in Q3 2025.  **[0001477641_2205072_1]** 
- Daqo New Energy anticipates **positive gross margins** for Q4 2025 and projects full-year 2025 production volume between **121,000 and 124,000 metric tons**.  **[0001477641_2205072_1]** **[0001477641_2205072_5]** 
- The polysilicon industry is experiencing a recovery, with prices rebounding and further increases expected due to ongoing consolidation efforts and new energy consumption standards in China.  **[0001477641_2205072_1]** **[0001477641_2205072_2]** **[0001477641_2205072_7]**

Daqo New Energy Reports Positive Q3 2025 Results Amidst Polysilicon Market Recovery

- Daqo New Energy reported **revenue of $244.6 million** in Q3 2025, a significant increase from $75.2 million in Q2 2025, with a net loss of **$14.9 million** and loss per basic ADS of **$0.22**, both improved from the previous quarter.  **[1477641_20251027CN07254:0]** **[1477641_20251027CN07254:1]** 
- The company's **EBITDA turned positive at $45.8 million** in Q3 2025, compared to -$48.2 million in Q2 2025, primarily due to a sharp rise in polysilicon sales volume to **42,406 MT** and an increase in average selling price (ASP) to **$5.80/kg**.  **[1477641_20251027CN07254:0]** **[1477641_20251027CN07254:1]** 
- Polysilicon average total production cost decreased by **12% to $6.38/kg** in Q3 2025 from $7.26/kg in Q2 2025, with cash cost reaching **$4.54/kg**, the lowest in the company's history.  **[1477641_20251027CN07254:0]** **[1477641_20251027CN07254:2]** 
- As of September 30, 2025, Daqo New Energy's total cash, short-term investments, bank notes receivable, and fixed term bank deposit balance stood at **$2.21 billion**.  **[1477641_20251027CN07254:0]** **[1477641_20251027CN07254:1]** 
- For Q4 2025, the company expects polysilicon production volume to be between **39,500 MT and 42,500 MT**, with full-year 2025 production projected to be **121,000 MT to 124,000 MT**.  **[1477641_20251027CN07254:2]** **[1477641_20251027CN07254:3]**

Daqo New Energy Announces Q3 2025 Results

- Xinjiang Daqo New Energy Co., Ltd., a subsidiary of Daqo New Energy, is involved in a contract dispute lawsuit with Xinjiang Xian'an New Materials Co., Ltd. and Xinjiang Dengbo New Energy Co., Ltd..  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]** 
- The plaintiffs initially sought compensation of **RMB1,958.5 million**, later reduced to **RMB742.7 million**, for economic losses, primarily alleged consequential damages.  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]** 
- In July 2024, the first instance court ordered Xinjiang Daqo to pay **RMB3.16 million** for losses and attorney fees, rejecting claims for consequential damages.  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]** 
- Following an appeal and retrial, the first instance court's September 2025 verdict again ordered Xinjiang Daqo to pay **RMB3.30 million** and rejected consequential damages.  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]** 
- The plaintiffs have recently appealed to the second instance court, requesting vacation of the retrial decision and seeking **RMB744.9 million** in economic losses, plus costs.  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]**  The litigation's impact is contingent on the final verdict.  **[1477641_0001104659-25-098095_tm2528402d1_6k.htm:0]**

DAQO NEW ENERGY (DQ)