Daqo Energy(688303)2025-02-27 11:15Financial Performance - Total revenue for 2024 was RMB 741,051.84 million, a decrease of 54.62% compared to the previous year[3] - Net profit attributable to shareholders was -RMB 271,813.24 million, a decline of 147.17% year-on-year[3] - Basic earnings per share were -RMB 1.27, down 147.04% from the previous year[3] - The weighted average return on equity decreased by 19.78 percentage points to -6.48%[3] Assets and Production - Total assets at the end of the reporting period were RMB 4,420,024.93 million, a decrease of 12.81% from the previous year[5] - The company produced 205,068 tons of polysilicon in 2024, with sales volume at 181,362 tons[9] Pricing and Costs - The average unit selling price for polysilicon was RMB 40.68 per kilogram, while the average unit cash cost was RMB 38.82 per kilogram[9] - The company faced significant pressure on profitability due to a decline in polysilicon prices, which fell below cash costs[7] Strategic Adjustments - The company implemented production adjustments to mitigate market challenges, resulting in a 70% increase in N-type silicon production ratio[9] - The company has a strong cash reserve to withstand cyclical market fluctuations despite the overall industry losses[7]