335.03-344.28%!Daqo Expects an Increase of Performance in H1 2022

PVTIME – On July 8, Xinjiang Daqo New Energy Co., Ltd. (688303.SH), disclosed its forward-looking statement on the results for the first half year of 2022.

The company expects to gain a net profit attributable to owners of the parent company of RMB 9.4 billion to 9.6 billion in the first half of 2022, a year-on-year increase of RMB 7.2392121 billion to 7.4392121 billion (335.03 to 344.28%). Meanwhile, the net profit attributable to owners of the parent company after deducting non-recurring gains and losses is expected to be RMB 9.413 billion to 9.613 billion, a year-on-year increase of RMB 7.257721 billion to 7.4577211 billion (336.74% to 346.02%).

The company stated that the main reasons for the expected increase in performance in H1 2022 include the fast grown prices of polysilicon due to strong PV demand and relatively limited additional supply of polysilicon, and the significantly increased of sales volume, which may reach 80% increase compared to the same period of precious year, and profit that resulted from added production capacity of the PIII of new project since the beginning of the year of 2022. Therefore, the company may achieve economies of scale and growth of its performance during the reporting period.

What is more, the statement involve known and unknown risks, uncertainties and other factors that may causes the actual results, performance or achievements to be materially different from those expressed or implied by this statement.