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
12/20178.50NA6.99
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 2017 Leverage 2017
Net Inc/Comm Equity0.38Total Liab/Total Assets0.48
Net Inc/Total Assets0.12Total Liab/Inv Cap0.91
Net Inc/Inv Cap0.24Total Liab/Comm Equity1.46
Pretax Inc/Net Sales0.32Interest Coverage Ratio7.18
Net Inc/Net Sales0.26Curr Debt/Equity0.36
Cash Flow/Net Sales0.40LTD/Equity0.29
SG&A/NetSales0.03Total Debt/Equity0.65
Asset Utilization   Liquidity  
Net Receivables Turnover11.20Quick Ratio0.57
Inventory Turnover13.13Current Ratio0.66
Inventory Day Sales0.03Net Rec/Curr Assets0.29
Net Sales/Work Cap-4.76Inv/Curr Assets0.14
Net Sales/PP&E0.61  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 352.85 229.10 182.04 182.57
Cost of Goods Sold 209.38 148.67 144.49 139.31
Selling & Admin Exps 10.89 10.78 8.78 9.74
Operating Income 128.71 65.45 26.22 32.03
Interest Exp 18.01 14.57 13.17 15.65
Pretax Income 111.19 51.28 14.19 16.65
Other Income 0.48 0.40 1.13 0.27
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 92.84 43.49 12.96 16.65

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 72.67 31.88 33.55 29.24
Receivables - Total 41.91 21.11 32.27 70.29
Inventories - Total 19.60 12.28 10.72 9.58
Total Current Assets 142.36 73.30 88.78 121.95
Net Property, Plant & Equipment 579.13 557.43 544.33 559.01
Total Assets 748.78 656.71 660.85 710.13
Liabilities        
Accounts Payable 75.19 66.71 81.63 122.75
Debt in Current Liabilities 141.32 183.04 193.76 273.32
Total Current Liabilities 216.51 249.75 275.39 396.07
Long-Term Debt 113.59 111.95 118.55 77.34
Total Liabilities 357.05 386.61 420.50 503.36
Stockholder's Equity        
Minority Interest 2.79 1.63 1.30 0.00
Preferred Stock NA NA NA NA
Common Stock 0.03 0.03 0.03 0.02
Retained Earnings 133.27 40.43 -3.06 NA
Treasury Stock -1.75 -1.75 -1.75 -0.40
Total Stockholders' Equity 391.74 270.10 240.35 206.77
Total Liabilities and Stockholders' Equity 748.78 656.71 660.85 710.13

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 142.70 98.67 66.43 45.62
Net Cash Provided by Investing Activities -63.11 -66.12 -74.13 -90.59
Net Cash Provided by Financing Activities -37.35 -30.28 15.24 44.27

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013109.00-70.94-10.25
12/2014182.5716.651.97
12/2015182.0412.96--
12/2016229.1043.494.11
12/2017352.8592.848.50
Growth Rates34.13----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/18824,2681.33




Report Date : 6/18/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.