Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Dropped 53.5% in First Half 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 4.4 billion yuan in the first half of 2023, down 53.5% year-on-year.

Meanwhile, the company posted 9.3 billion yuan in revenue, down 42.9% year-on-year.

At the end of the reporting period, it had 48.8 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 12.9%.