Daqo New Energy(US:DQ) 智通财经网·2025-10-27 13:00Core Insights - Daqo New Energy (DQ.US) reported its Q3 2025 unaudited financial results, showing significant revenue growth and operational improvements, leading to a stock price increase of over 11% in pre-market trading [1] Financial Performance - The total revenue for Q3 2025 was approximately $244.6 million, a substantial increase of 23% compared to Q3 2024's revenue of $198.5 million [1] - The company’s cash, short-term investments, and bank deposits totaled $2.21 billion by the end of Q3 2025, up from $2.06 billion at the end of Q2 2025 [1] - Daqo's polysilicon production reached 30,650 tons in Q3 2025, compared to 26,012 tons in Q2 2025 [1] - Polysilicon sales volume surged to 42,406 tons in Q3 2025, a 134% increase from 18,126 tons in Q2 2025 [1] Cost and Profitability Metrics - The average total production cost of polysilicon in Q3 2025 was approximately $6.38 per kg, down from $7.26 per kg in Q2 2025 [1] - The average cash cost for polysilicon was $4.54 per kg in Q3 2025, compared to $5.12 per kg in Q2 2025 [2] - The average selling price (ASP) for polysilicon rose to $5.80 per kg in Q3 2025, up from $4.19 per kg in Q2 2025 [2] - Gross profit for Q3 2025 was approximately $9.7 million, a significant turnaround from a gross loss of $81.4 million in Q2 2025, resulting in a gross margin of 3.9% compared to -108.3% in Q2 2025 [2] Net Income and Adjusted Metrics - The net loss attributable to Daqo's shareholders for Q3 2025 was approximately $14.9 million, a substantial reduction from a loss of $76.5 million in Q2 2025 [2] - Basic loss per ADS for Q3 2025 was $0.22, compared to a loss of $1.14 in Q2 2025 [3] - Adjusted net profit (non-GAAP) for Q3 2025 was approximately $3.7 million, a significant improvement from an adjusted net loss of $57.9 million in Q2 2025 [3] - Adjusted EBITDA (non-GAAP) for Q3 2025 was approximately $45.8 million, compared to a loss of $48.2 million in Q2 2025, with an EBITDA margin of 18.7% versus -64.0% in Q2 2025 [3]