Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Rose 234.1% in 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 19.1 billion yuan in 2022, up 234.1% year-on-year.

Meanwhile, the company posted 30.9 billion yuan in revenue, up 185.6% year-on-year.

At the end of the reporting period, it had 52.3 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 12.9%.