Daqo Energy(SH:688303) Zhong Guo Jing Ji Wang·2025-08-27 06:43Financial Performance - In the first half of 2025, the company reported operating revenue of 1.47 billion, a year-on-year decrease of 67.93% [1] - The net profit attributable to shareholders was -1.15 billion, compared to -670 million in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1.15 billion, down from -694 million year-on-year [1] - The net cash flow from operating activities was -1.61 billion, an improvement from -3.47 billion in the previous year [1] - For 2024, the company achieved operating revenue of 7.41 billion, a year-on-year decrease of 54.62% [1] - The net profit attributable to shareholders for 2024 was -2.72 billion, compared to 5.76 billion in the previous year [1] - The net cash flow from operating activities for 2024 was -5.39 billion, down from 8.74 billion year-on-year [1] Fundraising Activities - The company raised a total of 6.45 billion through its initial public offering, with a net amount of 6.07 billion, exceeding the original plan by 1.07 billion [2] - The initial plan was to raise 5 billion for projects including the production of high-purity semiconductor materials and polycrystalline silicon [2] - The total issuance costs for the IPO were 379.81 million, with underwriting fees amounting to 344.32 million [2] Stock Issuance - In 2022, the company issued A-shares to specific investors, raising a total of approximately 10.99 billion, with a net amount of about 10.94 billion after deducting issuance costs [3] - The issuance price was set at 51.79 per share, with a total of 212,396,215 shares issued [3] - As of December 31, 2023, the company had utilized approximately 10.95 billion of the raised funds, with all funds from the 2022 issuance fully utilized [3] - The current stock price is below the issuance price [3] Total Fundraising - The total amount raised by the company from both fundraising activities is 17.447 billion [4]