Xinjiang Daqo New Energy Co.,Ltd.’s Net Profit Dropped 66.1% in First Three Quarters 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 5.1 billion yuan in the first three quarters of 2023, down 66.1% year-on-year.

Meanwhile, the company posted 12.9 billion yuan in revenue, down 47.8% year-on-year.

At the end of the reporting period, it had 50.2 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 13.5%.