Daqo Energy(SH:688303) Zheng Quan Shi Bao Wang·2025-04-30 02:03Core Viewpoint - Daqo Energy reported a significant decline in performance for 2024, with a revenue of 7.41 billion yuan and a net loss of 2.718 billion yuan, primarily due to a sharp drop in polysilicon prices influenced by supply-demand dynamics in the photovoltaic industry [1][2]. Group 1: Financial Performance - The company achieved a revenue of 7.41 billion yuan for the reporting period [1]. - The net profit attributable to shareholders was a loss of 2.718 billion yuan [1]. - The company had total cash reserves of approximately 13.52 billion yuan at the end of the reporting period [1][3]. Group 2: Market Position and Product Focus - Daqo Energy specializes in the research, production, and sales of high-purity polysilicon, which is primarily used in the photovoltaic industry [1]. - The company has a production capacity of 305,000 tons of high-quality, low-energy, and low-cost polysilicon, making it a key player in the domestic polysilicon market [1]. Group 3: Operational Efficiency and Innovation - The company implemented cost control measures that resulted in a 7% year-on-year decrease in unit production costs [3]. - Daqo Energy filed 177 new patent applications during the reporting period, bringing the total authorized patents to 429 [3]. - The company maintained a strong cash flow with 5.01 billion yuan in cash, 8.11 billion yuan in time deposits, and 400 million yuan in bank acceptance bills, totaling approximately 13.52 billion yuan in reserves [3]. Group 4: Future Outlook - The company plans to continue investing during the industry downturn, focusing on global customer expansion and technological iteration to build a differentiated advantage for future recovery [3].