Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Rose 340.8% in First Half 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 9.5 billion yuan in the first half of 2022, up 340.8% year-on-year.

Meanwhile, the company posted 16.3 billion yuan in revenue, up 262.2% year-on-year.

At the end of the reporting period, it had 43.2 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 17.1%.