Daqo’s Q3 Net Income Plummets 92.5% YoY as Polysilicon Prices Continue to Drop

The company recorded a revenue of $484.8 million, a 60% YoY decrease

November 6, 2023

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China-based photovoltaic (PV)-grade polysilicon manufacturer Daqo New Energy Corporation has recorded a net income of $44 million in the third quarter (Q3) of the financial year (FY) 2023, a year-over-year decrease of 92.5% as compared to $590.4 million.

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Gautamee Hazarika

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Daqo’s Q3 Net Income Plummets 92.5% YoY as Polysilicon Prices Continue to Drop

Continue Reading with Premium Access

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