Xinjiang Daqo New Energy Income Statement

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

Millions CNY. 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
Revenue	4,839	7,411	16,329	30,940	10,832
Revenue Growth (YoY)	-34.71%	-54.62%	-47.22%	185.64%	132.23%
Cost of Revenue	6,085	9,010	9,773	7,789	3,720
Gross Profit	-1,247	-1,599	6,556	23,151	7,111
Selling, General & Admin	-	313.32	346.39	254.18	109.01
Research & Development	-	32.78	71.5	67.15	41.56
Other Operating Expenses	-	68.21	173.97	417.05	98.1
Operating Expenses	-	544.26	591.86	738.38	248.67
Operating Income	-1,247	-2,143	5,964	22,413	6,863
Interest Expense	-	-45.95	-93.35	-126.09	-184.09
Interest & Investment Income	-	314.69	424.57	212.35	39.23
Currency Exchange Gain (Loss)	-	0.22	-0.01	-	-0
Other Non Operating Income (Expenses)	-33.65	-0.1	-30.53	-0.44	-0.12
EBT Excluding Unusual Items	-1,280	-1,874	6,265	22,499	6,718
Gain (Loss) on Sale of Investments	-	-	-	-	15.53
Gain (Loss) on Sale of Assets	-	-135.99	-	-	-23.11
Asset Writedown	-	-1,263	-	-60.03	-
Other Unusual Items	-	50.17	604.03	20.19	13.23
Pretax Income	-1,280	-3,220	6,869	22,459	6,728
Income Tax Expense	-151	-502.24	1,107	3,339	1,004
Earnings From Continuing Operations	-1,129	-2,718	5,763	19,121	5,723
Minority Interest in Earnings	-	-	-	0.12	0.54
Net Income	-1,129	-2,718	5,763	19,121	5,724
Net Income to Common	-1,129	-2,718	5,763	19,121	5,724
Net Income Growth	-	-	-69.86%	234.06%	448.56%
Shares Outstanding (Basic)	2,131	2,140	2,134	2,034	1,761
Shares Outstanding (Diluted)	2,131	2,140	2,134	2,034	1,761
Shares Change (YoY)	-0.46%	0.28%	4.93%	15.50%	16.46%
EPS (Basic)	-0.53	-1.27	2.70	9.40	3.25
EPS (Diluted)	-0.53	-1.27	2.70	9.40	3.25
EPS Growth	-	-	-71.28%	189.23%	371.01%
Free Cash Flow	-	-5,913	3,522	6,844	747.08
Free Cash Flow Per Share	-	-2.76	1.65	3.36	0.42
Dividend Per Share	-	-	0.418	3.600	0.600
Dividend Growth	-	-	-88.39%	500.00%	-
Gross Margin	-25.76%	-21.58%	40.15%	74.83%	65.65%
Operating Margin	-25.76%	-28.92%	36.53%	72.44%	63.36%
Profit Margin	-23.34%	-36.68%	35.29%	61.80%	52.84%
Free Cash Flow Margin	-	-79.80%	21.57%	22.12%	6.90%
EBITDA	241.66	-655.07	7,017	23,135	7,364
EBITDA Margin	5.00%	-8.84%	42.97%	74.77%	67.99%
D&A For EBITDA	1,488	1,488	1,053	721.74	501.64
EBIT	-1,247	-2,143	5,964	22,413	6,863
EBIT Margin	-25.76%	-28.92%	36.53%	72.44%	63.36%
Effective Tax Rate	-	-	16.11%	14.87%	14.93%
Revenue as Reported	-	7,411	16,329	30,940	10,832

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.