Daqo’s profit plunges as growing polysilicon glut casts cloud over sector
The maker of the main ingredient used in solar panel production said its inventory rose sharply in the first quarter as its average selling price fell 25% from a fourth-quarter…
DQ.US
688303.SHG
GCL Tech Stares at Dark Year Ahead After Bumper Profits in 2022
The leading maker of polysilicon said its profit tripled in the second half of last year, but analysts expect the figure to contract this year on falling pricesKey Takeaways:GCL Technology…
CHINA BULLETIN: Reopening at Lightning Speed
In this week’s issue China’s reopening accelerates, trade tanks, and Alibaba founder Jack Ma abandons entrepreneurs in his home province of Zhejiang. On a scale of 1 to 10, we give the week an 8.5 for offshore-listed China stocks.
Daqo Unveils $1.2 Billion Price Tag for Second Phase of Expansion
Polysilicon maker revealed the final phase of its massive expansion will add 100,000 MT of capacity and should start producing by the end of next yearKey Takeaways:Daqo New Energy said…
FAST NEWS: Daqo New Energy’s Profit Rises 11% in Third Quarter
The Latest: Polysilicon maker Daqo New Energy Corp. (DQ.US) on Thursday reported its revenue roughly doubled year-on-year to $1.2 billion in the third quarter, while its profit rose by a…
Daqo Lines Up Big New Buyer Ahead of Massive Expansion
Shuangliang Silicon Materials has agreed to purchase 10% or more of Daqo’s polysilicon output over the next five years Key Takeaways: Daqo New Energy has signed an agreement to sell…
FAST NEWS: GCL Technology to Build New Polysilicon Plant
The latest: Polysilicon products maker GCL Technology Holdings Ltd. (3800.HK), formerly known as GCL Poly, said Monday that its board approved construction of a new plant and accompanying power supply to produce…
