Xinjiang Daqo New Energy Balance Sheet

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
Cash & Equivalents	-	5,007	19,629	23,803	4,586
Short-Term Investments	-	7,936	-	-	-
Trading Asset Securities	-	-	-	-	1,716
Cash & Short-Term Investments	4,716	12,943	19,629	23,803	6,302
Cash Growth	-63.57%	-34.06%	-17.54%	277.72%	805.77%
Accounts Receivable	-	402.71	825.82	8,316	3,680
Other Receivables	-	144	292.73	15.57	2.61
Receivables	-	546.71	1,119	8,331	3,683
Inventory	-	1,196	1,336	1,230	2,124
Other Current Assets	-	1,881	1,290	292.41	239.87
Total Current Assets	-	16,566	23,374	33,656	12,348
Property, Plant & Equipment	-	25,396	24,840	16,528	9,824
Long-Term Investments	-	206.19	200.24	4.47	4.47
Other Intangible Assets	-	1,144	1,083	553.52	256.86
Long-Term Deferred Tax Assets	-	617.49	24.29	12.48	-
Long-Term Deferred Charges	-	154.55	119.1	-	-
Other Long-Term Assets	-	115.74	1,054	1,510	39.03
Total Assets	-	44,200	50,695	52,265	22,472
Accounts Payable	-	236.22	652.77	985.27	1,447
Accrued Expenses	-	121.66	320.09	275.71	143.32
Short-Term Debt	-	-	-	212.85	184.85
Current Income Taxes Payable	-	3.65	636.31	1,529	454.13
Current Unearned Revenue	-	271.48	1,057	841.44	1,290
Other Current Liabilities	-	3,128	3,208	1,690	1,594
Total Current Liabilities	-	3,761	5,875	5,534	5,114
Long-Term Debt	-	-	-	-	164.25
Long-Term Unearned Revenue	-	281.74	936.85	1,189	715.56
Long-Term Deferred Tax Liabilities	-	-	3.98	-	10.45
Total Liabilities	-	4,043	6,816	6,723	6,004
Common Stock	-	2,145	2,145	2,137	1,925
Additional Paid-In Capital	-	17,478	17,511	17,011	6,113
Retained Earnings	-	20,850	24,461	26,393	8,427
Treasury Stock	-	-314.88	-259.93	-	-
Comprehensive Income & Other	-	-	22.14	-	-
Total Common Equity	39,089	40,158	43,879	45,542	16,466
Minority Interest	-	-	-	-	2.88
Shareholders' Equity	39,089	40,158	43,879	45,542	16,469
Total Liabilities & Equity	-	44,200	50,695	52,265	22,472
Total Debt	-	-	-	212.85	349.1
Net Cash (Debt)	4,716	12,943	19,629	23,590	5,953
Net Cash Growth	-63.57%	-34.06%	-16.79%	296.29%	-
Net Cash Per Share	2.21	6.05	9.20	11.60	3.38
Filing Date Shares Outstanding	2,083	2,135	2,137	2,137	1,925
Total Common Shares Outstanding	2,135	2,135	2,137	2,137	1,925
Working Capital	-	12,806	17,499	28,122	7,235
Book Value Per Share	18.31	18.81	20.53	21.31	8.55
Tangible Book Value	37,964	39,014	42,796	44,988	16,209
Tangible Book Value Per Share	17.78	18.27	20.02	21.05	8.42
Buildings	-	8,192	6,419	3,769	2,913
Machinery	-	22,032	15,191	8,076	5,311
Construction In Progress	-	254.23	6,985	7,421	3,688

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