Company Information

  

Address: 666 LONGDU AVENUE  
City: WANZHOU, CHONGQING 
State:  
Zip Code: 404000 
Telephone: (86-23) 6486-6666 

Description of Business

Primary SIC Code: 3674
(As filed with the SEC)  

Our company was incorporated in Cayman Islands as Mega Stand International Limited in November 2007. We changed our corporate name to Daqo New Energy Corp. in August 2009. We are a company limited by shares domiciled in the Cayman Islands. The corporate affairs of Daqo New Energy Corp. are governed by our Fourth Amended and Restated Memorandum and Articles of Association, the Companies Law (2016 Revision) of the Cayman Islands and the common law of the Cayman Islands. In 2008, we established Chongqing Daqo as our wholly owned operating subsidiary in China. Through Chongqing Daqo, we focus primarily on the manufacture and sale of polysilicon and have expanded into wafer manufacturing. In addition to Chongqing Daqo, we established Nanjing Daqo New Energy Co., Ltd., or Nanjing Daqo, in 2007 in China, through which we conducted our module manufacturing business.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20175.32NA3.53
12/20164.11NA4.70
12/20141.97NA13.37
12/2013-10.25NAN/E
03/2013-16.70NAN/E
12/2012-15.75NAN/E
03/201238.75NA0.27

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.18Total Liab/Total Assets0.59
Net Inc/Total Assets0.07Total Liab/Inv Cap1.73
Net Inc/Inv Cap0.19Total Liab/Comm Equity1.62
Pretax Inc/Net Sales0.22Interest Coverage Ratio4.52
Net Inc/Net Sales0.19Curr Debt/Equity0.68
Cash Flow/Net Sales0.43LTD/Equity0.41
SG&A/NetSales0.05Total Debt/Equity1.09
Asset Utilization   Liquidity  
Net Receivables Turnover8.58Quick Ratio0.24
Inventory Turnover12.93Current Ratio0.29
Inventory Day Sales0.03Net Rec/Curr Assets0.29
Net Sales/Work Cap-1.30Inv/Curr Assets0.17
Net Sales/PP&E0.41  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 229.10 182.04 182.57 109.00
Cost of Goods Sold 148.67 144.49 139.31 135.10
Selling & Admin Exps 10.78 8.78 9.74 12.71
Operating Income 65.45 26.22 32.03 -200.63
Interest Exp 14.57 13.17 15.65 19.35
Pretax Income 51.28 14.19 16.65 -219.82
Other Income 0.40 1.13 0.27 0.16
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 43.49 12.96 16.65 -70.94

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 31.88 33.55 29.24 16.66
Receivables - Total 21.11 32.27 70.29 40.12
Inventories - Total 12.28 10.72 9.58 10.50
Total Current Assets 73.30 88.78 121.95 91.14
Net Property, Plant & Equipment 557.43 544.33 559.01 488.50
Total Assets 656.71 660.85 710.13 610.20
Liabilities        
Accounts Payable 66.71 81.63 122.75 126.91
Debt in Current Liabilities 183.04 193.76 273.32 172.21
Total Current Liabilities 249.75 275.39 396.07 299.12
Long-Term Debt 111.95 118.55 77.34 134.87
Total Liabilities 386.61 420.50 503.36 472.87
Stockholder's Equity        
Minority Interest 1.63 1.30 0.00 NA
Preferred Stock NA NA NA NA
Common Stock 0.03 0.03 0.02 0.02
Retained Earnings 40.43 -3.06 NA NA
Treasury Stock -1.75 -1.75 -0.40 -0.40
Total Stockholders' Equity 270.10 240.35 206.77 137.33
Total Liabilities and Stockholders' Equity 656.71 660.85 710.13 610.20

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 98.67 66.43 45.62 -16.53
Net Cash Provided by Investing Activities -66.12 -74.13 -90.59 -30.70
Net Cash Provided by Financing Activities -30.28 15.24 44.27 48.83

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201286.86-115.64-15.75
12/2013109.00-70.94-10.25
12/2014182.5716.651.97
12/2015182.0412.96--
12/2016229.1043.494.11
Growth Rates27.44----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17472,9851.14




Report Date : 10/16/2017

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