Daqo New Energy's Subsidiary Xinjiang Daqo Provides Preliminary Estimate of Net Loss for FY2025

Core Viewpoint - Daqo New Energy Corp. announced an estimated net loss for its subsidiary Xinjiang Daqo New Energy for the fiscal year 2025, indicating a significant reduction in losses compared to the previous year [1][2]. Financial Performance - Xinjiang Daqo estimates its net loss for FY2025 to be between RMB1.0 billion and RMB1.3 billion, a decrease from a net loss of RMB2.7 billion in FY2024 [2]. - The estimated net loss is based on preliminary information and is subject to change upon completion of the internal financial closing process [3][4]. Company Overview - Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar photovoltaic (PV) industry, with a total polysilicon nameplate capacity of 305,000 metric tons [5]. - The company holds approximately 72.8% equity interest in Xinjiang Daqo, which contributes the majority of its revenue and net income [3].