company DQ - SteadyBase

steadybase-$ company DQ

account_id none on file

legal_name Daqo New Energy Corp.

ticker DQ

cik 1477641

domain dqsolar.com

linkedin_company_url https://www.linkedin.com/company/daqo-new-energy

entry_point_account_id none on file

name DAQO New Energy Corp.

exchange NYSE

sector Technology

hq WANZHOU, Chongqing, China

sector index/company/sector/technology/

calls 2 filings 12 executives 14 family 0

why_nownone on file

calls

In the beginning, because of the problem of the seasonality, we started to have a lot of scams. For example, our next few companies, for example, Shuangliang, our customers, Zhonghuan, Gaojun, some of their production capacity has dropped by 50%. The average production is about 78% of our customers. So this is the whole data. But the demand in this sector is of course the demand in Europe and the United States. Of course, there is also the demand in China. It should be said that especially the price of the main building is declining. So everyone is still looking forward to about 20 GW. Our main building is really in need of some 20 GW. But soon, it should be said that at the end of the year, I think the Chinese market will have some new changes. Next year, although there are now 20 plans, but I think 200 plans, but I think next year the Chinese market will be more than 200 plans. Including what we now call the desert, Guanghu Hotel. China has come up with a lot of new policies. The desert hotel is a big problem. Including Xinjiang, including Gansu, including Limu. Yeah, so for this quarter, we've seen that wafer has some inventory due to scenality reasons. So for instance, our downstream players, our customers, like Sean and TCL, from what we've known that their utilization rate has dropped to 50%, but overall for wafer, the utilization rate is still around 78%. And because module price have kept falling down, we've seen that there should be around 20 gigawatt of inventory by

Oct 30, 2023 / receipt, needs a key / Mr. Shi, other | earnings call 2023-10-30 | transcript 52b39bd0-2445-4018-b017-714ae647670d | chars 37041-38541 | segment 38

This October, at the United Nations Biodiversity Conference in Kunming, Chinese President Xi Jinping announced that the first step had been taken towards the construction of a huge 400 gigawatts wind and solar pack. Construction on the first phase comprising 100 gigawatts of wind and solar in deserts in China is already underway. Four 400 gigawatts projects would be half finished by 2025. The Chinese government has also released the policies to promote energy shortage systems, especially for storage systems, especially for water reservoir storage in the new term. With all these plans and the policies in place, it's very clear that China has made a strong determination supported by initial and detailed plans to build a new national energy infrastructure in which renewable energy will play a critical role. The newly announced policies and evolving energy market environment amend illustrate a vast potential market for solar in China, which is much higher and much larger than previously anticipated. Therefore, we are very optimistic about solar PV's demand in the future.

Oct 28, 2021 / receipt, needs a key / Longgeng Zhang, CEO | earnings call 2021-10-28 | transcript 6ce115e9-7bc4-4142-85c0-0359fc740e5a | chars 6930-8013 | segment 7

filings

Xiaoyu Xu | | 30 | | Director and deputy chief executive officer