Xinjiang Daqo New Energy Co Ltd Class A

688303: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$d	LOCK\|Ws	LOCK\|^!FVNs

Initiate Coverage of Daqo New Energy With No Moat Rating and Fair Value Estimate of CNY 22.70

Cheng Wang

Oct 10, 2025

Business Strategy and Outlook

Daqo is one of the four major polysilicon producers in China. By 2024, the company had established an annual capacity of 305,000 metric tons, accounting for about 11% of global polysilicon capacity and ranking third worldwide.

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Xinjiang Daqo New Energy Co Ltd Class A

Initiate Coverage of Daqo New Energy With No Moat Rating and Fair Value Estimate of CNY 22.70

Business Strategy and Outlook

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