Daqo Energy(SH:688303) Zheng Quan Shi Bao Wang·2025-06-05 10:36Core Viewpoint - Daqo Energy is actively engaging in industry discussions and exploring solutions to challenges in the photovoltaic sector, emphasizing a commitment to shareholder interests and industry health [1] Financial Stability - The company maintains a robust financial position with a total cash reserve of approximately 12.9 billion and a low debt-to-asset ratio of 8.3% as of Q1 2025, enhancing its risk resilience [1] Cost Management - Daqo Energy is focused on deepening cost reduction and efficiency improvements through a multi-faceted approach, including technological advancements and digital management systems to strengthen cost advantages [2] Long-term Competitiveness - The company aims to build long-term competitive advantages by emphasizing technology leadership, digital empowerment, and global expansion, while also investing in research and development [2] Supply Chain Strategy - Daqo Energy is pursuing an integrated strategy that extends upstream to raw materials for polysilicon and horizontally into the semiconductor polysilicon sector, ensuring quality and cost control [3] Industrial Silicon Operations - The company has planned a production capacity of 150,000 tons per year for high-purity industrial silicon in Inner Mongolia, with current operations under maintenance due to market price fluctuations [3] Futures Business - Daqo Energy views polysilicon futures as a beneficial complement to its spot production and sales, primarily focusing on meeting customer demand through spot sales [4] Overseas Market Considerations - The company is closely monitoring the overseas silicon material market, evaluating potential investments based on various geopolitical and economic factors, but currently has no specific plans for overseas expansion [4]