Daqo New Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	980.29	1,007	3,039	3,499	723.78
Short-Term Investments	1,086	1,097	-	13.93	280.25
Cash & Short-Term Investments	2,067	2,103	3,039	3,513	1,004
Cash Growth	-1.75%	-30.78%	-13.51%	249.93%	1210.81%
Accounts Receivable	135.52	55.15	116.36	1,132	365.91
Other Receivables	-	-	0.03	0.02	-
Receivables	135.52	55.15	116.39	1,132	365.91
Inventory	169.1	149.94	173.27	169.52	327.77
Prepaid Expenses	-	280.88	224.65	52.93	41.68
Restricted Cash	-	31.81	9.13	20.86	0.19
Other Current Assets	321.14	10.4	14.31	0.85	3.4
Total Current Assets	2,692	2,632	3,577	4,889	1,743
Property, Plant & Equipment	3,399	3,499	3,626	2,605	1,559
Long-Term Investments	63.21	27.64	27.58	-	-
Other Intangible Assets	155.58	152.87	150.36	80.33	40.74
Long-Term Deferred Tax Assets	-	84.6	3.42	1.81	-
Other Long-Term Assets	135.31	22.39	42.5	17.6	0.82
Total Assets	6,446	6,418	7,427	7,594	3,344
Accounts Payable	129.66	33.27	95.72	103.18	81.7
Accrued Expenses	-	33.31	73.08	51.5	40.85
Current Income Taxes Payable	-	0.51	89.8	221.63	71.47
Current Unearned Revenue	45.43	37.19	148.98	121.99	202.96
Other Current Liabilities	322.74	416.95	428.84	238.24	153.52
Total Current Liabilities	497.83	521.24	836.43	736.54	550.5
Long-Term Unearned Revenue	13.21	38.6	132	172.41	112.6
Long-Term Deferred Tax Liabilities	-	0.54	10.15	80.54	16.73
Other Long-Term Liabilities	18.18	-	-	-	-
Total Liabilities	529.22	560.38	978.58	989.49	679.82
Common Stock	4,407	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	2,409	2,340	2,211	1,017
Retained Earnings	-	2,983	3,328	2,899	1,079
Treasury Stock	-	-617.61	-612.61	-126.68	-1.75
Comprehensive Income & Other	-	-413.21	-294	-176.03	67.77
Total Common Equity	4,407	4,361	4,762	4,807	2,162
Minority Interest	1,510	1,497	1,686	1,797	501.87
Shareholders' Equity	5,916	5,858	6,448	6,605	2,664
Total Liabilities & Equity	6,446	6,418	7,427	7,594	3,344
Net Cash (Debt)	2,067	2,103	3,039	3,513	1,004
Net Cash Growth	-1.75%	-30.78%	-13.51%	249.93%	-
Net Cash Per Share	30.68	31.79	40.54	45.46	13.08
Filing Date Shares Outstanding	67.67	67.06	66.01	77.27	74.51
Total Common Shares Outstanding	67.67	66.75	65.7	78.2	74.51
Working Capital	2,195	2,110	2,740	4,153	1,192
Book Value Per Share	65.12	65.33	72.48	61.47	29.02
Tangible Book Value	4,251	4,208	4,612	4,727	2,121
Tangible Book Value Per Share	62.83	63.04	70.19	60.44	28.47
Buildings	-	1,221	906.29	555.71	468.31
Machinery	-	3,102	2,148	1,177	970.8
Construction In Progress	-	50.09	1,108	1,278	586.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.