Xinjiang Daqo New Energy Co Ltd Class A

688303: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Daqo New Energy's Turnaround Pushed Back to 2028 Due to Persistent Overcapacity

Cheng Wang

Apr 21, 2026

Business Strategy and Outlook

Daqo is one of the four major polysilicon producers in China. As of 2025, the company had established an annual capacity of 305,000 metric tons, accounting for about 9% of global polysilicon capacity.

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Xinjiang Daqo New Energy Co Ltd Class A

Daqo New Energy's Turnaround Pushed Back to 2028 Due to Persistent Overcapacity

Business Strategy and Outlook

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