Daqo New Energy(US:DQ)2025-04-29 15:38Financial Performance - Daqo New Energy reported a revenue of $123.9 million in Q1 2025, a decrease compared to $195.4 million in Q4 2024 [20] - The company experienced a gross loss of $81.5 million in Q1 2025, with a gross margin of -65.8%, compared to a gross loss of $65.3 million and a gross margin of -33.4% in Q4 2024 [20] - Net loss attributable to shareholders was $71.8 million in Q1 2025, compared to $180.2 million in Q4 2024 [20] - The company's EBITDA was -$48.4 million in Q1 2025, with an EBITDA margin of -39.1%, compared to -$236.5 million and -121.1% in Q4 2024 [20] Operational Highlights - Polysilicon production volume was 24,810 MT in Q1 2025, compared to 34,236 MT in Q4 2024 [9] - Polysilicon sales volume was 28,008 MT in Q1 2025, compared to 42,191 MT in Q4 2024 [9] - The average selling price (ASP) of polysilicon was $4.37/kg in Q1 2025, compared to $4.62/kg in Q4 2024 [9] - The average total production cost of polysilicon was $7.57/kg in Q1 2025, compared to $6.81/kg in Q4 2024 [9] - The average cash cost of polysilicon was $5.31/kg in Q1 2025, compared to $5.04/kg in Q4 2024 [9] Liquidity and Production Outlook - As of March 31, 2025, the company's quick assets totaled $2.15 billion, including a cash balance of $792 million, short-term investments of $168 million, bank notes receivables of $63 million, and a fixed term bank deposit balance of $1.1 billion [5] - The company expects its polysilicon production volume in Q2 2025 to be approximately 25,000 MT to 28,000 MT and anticipates a full year 2025 production volume in the range of 110,000 MT to 140,000 MT [5]