Xinjiang Daqo releases forecast for FY2023 results 

Daqo New Energy Corp’s subsidiary Xinjiang Daqo New Energy anticipates a net profit between RMB 5.7 and 5.8 billion for fiscal year 2023, which is a year-over-year decrease of 69.7-70.2% compared to FY2022. Daqo New Energy holds a 72.4% stake in Xinjiang Daqo, emphasizing its reliance on the subsidiary’s revenue and net income. The estimated net profit is provisional and may change post Xinjiang Daqo’s internal financial processes, presented in RMB under PRC GAAP.