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 Earnings: Losses Persist as Polysilicon Prices Hit Record Low; Shares Fairly Valued

Cheng Wang

Aug 21, 2026

Daqo New Energy's second-quarter revenue fell 23% year on year, driven by a 16% drop in shipments and a 9% decline in average selling price. The company continued to post deep losses, with net margin at negative 183%.

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Xinjiang Daqo New Energy Co Ltd Class A

Daqo Earnings: Losses Persist as Polysilicon Prices Hit Record Low; Shares Fairly Valued

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