Daqo New Energy Corp Sponsored ADR(DQ.US) Q3 polycrystalline silicon sales volume surged 134% month-on-month, turning losses into profits under non-GAAP standards.

Focus on the leading manufacturer of high-purity polycrystalline silicon in the photovoltaic industry, Daqo New Energy Corp Sponsored ADR (DQ.US) announced its unaudited financial performance for the third quarter of 2025 on the evening of October 27th, Beijing time. The latest financial report data shows that the company's overall revenue for the third quarter of 2025 was approximately $244.6 million, compared to $75.2 million in the second quarter of 2025, representing a 23% year-on-year increase from the third quarter of 2024, which had overall revenue of $198.5 million. Benefiting from strong financial results, Daqo New Energy Corp Sponsored ADR's stock price surged over 11% in pre-market trading in the United States. As for the highlight data of the financial performance and operations in the third quarter of 2025, by the end of the third quarter of 2025, Daqo New Energy Corp Sponsored ADR had a total balance of $2.21 billion in cash, short-term investments, bank notes receivables, and fixed-term bank deposits, compared to approximately $2.06 billion in the same indicators by the end of the second quarter of 2025. The polycrystalline silicon production in the third quarter of 2025 was 30,650 tons, compared to 26,012 tons in the second quarter of 2025. The sales volume of polycrystalline silicon in the third quarter of 2025 reached 42,406 tons, compared to 18,126 tons in the second quarter of 2025, representing a 134% increase. The average total production cost of polycrystalline silicon in the third quarter of 2025 was approximately $6.38 per kilogram, compared to about $7.26 per kilogram in the second quarter of 2025. The average cash cost of polycrystalline silicon in the third quarter of 2025 was $4.54 per kilogram, compared to $5.12 per kilogram in the second quarter of 2025. The average selling price (ASP) of polycrystalline silicon in the third quarter of 2025 was $5.80 per kilogram, compared to $4.19 per kilogram in the second quarter of 2025. The gross profit in the third quarter of 2025 was approximately $9.7 million, compared to a gross loss of $81.4 million in the second quarter of 2025. The gross profit margin in the third quarter of 2025 was 3.9%, compared to -108.3% in the second quarter of 2025. The net loss attributable to Daqo New Energy Corp Sponsored ADR shareholders in the third quarter of 2025 was approximately $14.9 million, compared to a loss of $76.5 million in the second quarter of 2025, indicating a significant decrease in net loss. The basic loss per ADS in the third quarter of 2025 was $0.22, compared to a loss of $1.14 in the second quarter of 2025. The adjusted net profit attributable to Daqo New Energy Corp Sponsored ADR shareholders (under non-GAAP standards) in the third quarter of 2025 was approximately $3.7 million, compared to an adjusted net loss of $57.9 million in the second quarter of 2025. Under non-GAAP standards, the adjusted basic earnings per ADS for Daqo New Energy Corp Sponsored ADR in the third quarter of 2025 was approximately $0.05, compared to an adjusted basic loss per ADS of $0.86 in the second quarter of 2025. The adjusted EBITDA (under non-GAAP standards) for Daqo New Energy Corp Sponsored ADR in the third quarter of 2025 was approximately $45.8 million, compared to a loss of $48.2 million in the second quarter of 2025. The EBITDA profit margin (under non-GAAP standards) in the third quarter of 2025 was approximately 18.7%, compared to -64.0% in the second quarter of 2025.