Daqo New Energy Corp. (DQ)

Daqo New Energy Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,308	4,608	1,679	675.6	349.99
Revenue Growth (YoY)	-49.92%	174.50%	148.49%	93.03%	16.04%
Cost of Revenue	1,387	1,200	581.59	441.61	269.89
Gross Profit	920.65	3,408	1,097	233.99	80.1
Selling, General & Admin	213.24	354.07	39.9	39.47	32.46
Research & Development	10.12	10.04	6.5	6.86	5.71
Other Operating Expenses	-86.14	3.18	-0.61	-0.19	-5.55
Operating Expenses	137.22	367.3	45.79	46.14	32.62
Operating Income	783.43	3,041	1,051	187.86	47.49
Interest Expense / Income	-52.3	-14.47	20.48	25.73	9.41
Other Expense / Income	240.6	658.05	111.91	4.75	-1.08
Pretax Income	595.13	2,397	919.03	157.38	39.15
Income Tax	165.59	577.25	170.1	28.18	9.62
Net Income	429.55	1,820	748.92	129.2	29.52
Net Income Growth	-76.40%	142.99%	479.68%	337.59%	-22.56%
Shares Outstanding (Basic)	374	379	369	355	340
Shares Outstanding (Diluted)	375	386	384	375	350
Shares Change	-3.01%	0.70%	2.33%	7.16%	7.51%
EPS (Basic)	5.75	24.00	10.15	1.80	0.45
EPS (Diluted)	5.75	23.35	9.75	1.70	0.40
EPS Growth	-75.37%	139.49%	473.53%	325.00%	-33.33%
Free Cash Flow	433.16	1,212	130.73	91.41	-104.65
Free Cash Flow Per Share	5.80	15.98	1.77	1.29	-1.54
Gross Margin	39.89%	73.95%	65.36%	34.63%	22.89%
Operating Margin	33.95%	65.98%	62.63%	27.81%	13.57%
Profit Margin	18.61%	39.49%	44.61%	19.12%	8.44%
Free Cash Flow Margin	18.77%	26.30%	7.79%	13.53%	-29.90%
Effective Tax Rate	27.82%	24.08%	18.51%	17.91%	24.58%
EBITDA	691.72	2,490	1,017	251.79	95.93
EBITDA Margin	29.97%	54.03%	60.57%	37.27%	27.41%
Depreciation & Amortization	148.89	107.1	77.37	68.69	47.37
EBIT	542.83	2,383	939.51	183.1	48.56
EBIT Margin	23.52%	51.70%	55.96%	27.10%	13.87%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).