Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Rose 640.8% in First Quarter of 2022

Xinjiang Daqo New Energy Co.,Ltd. (新疆大全新能源股份有限公司) (688303.SH) reported a net profit of 4.3 billion yuan in the first quarter of 2022, up 640.8% year-on-year.

Meanwhile, the company posted 8.1 billion yuan in revenue, up 389.3% year-on-year.

At the end of the reporting period, it had 28.8 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 27.7%.