Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Dropped 32.5% in First Quarter of 2023

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 2.9 billion yuan in the first quarter of 2023, down 32.5% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 40.3% year-on-year.

At the end of the reporting period, it had 55.2 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 12.1%.