Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Rose 237.3% in First Three Quarters 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 15.1 billion yuan in the first three quarters of 2022, up 237.3% year-on-year.

Meanwhile, the company posted 24.7 billion yuan in revenue, up 197.1% year-on-year.

At the end of the reporting period, it had 50 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 17.2%.