A subsidiary of polysilicon producer Daqo New Energy has signed a five-year polysilicon supply agreement with an undisclosed solar manufacturing company in China.
Major polysilicon producer Daqo Clean Energy has reported strong financial results for Q3 2022 as the demand for its solar grade polysilicon remains strong and it continues to land large supply contracts.
Subsidiaries of polysilicon producer Daqo New Energy have signed a five-year polysilicon supply agreement with solar wafer manufacturer Shuangliang Silicon Materials.
Polysilicon producer Daqo New Energy has received approval from the Shanghai Stock Exchange for a private offering on China’s A-share market to support its capacity expansion.
Daqo New Energy recorded a guidance-beating performance in the opening quarter of 2022, cashing in on excess inventory, lower production costs and higher than anticipated average selling prices (ASPs).
Daqo New Energy recorded a dent to its quarterly revenues and margin in Q4 2021 after production costs spiralled and sales fell against a slide in demand.
Polysilicon producer Daqo New Energy’s has signed a long-term supply agreement for high-purity mono-grade polysilicon for a total amount of 30,000MT between 2022 and end of 2026, essentially selling out its inventory for this year.
Polysilicon producer Daqo New Energy is expecting a five-fold increase in net profit from its Xinjiang subsidiary as it continues to progress expansion plans.
