Daqo New Energy’s Q2 Net Income Plunges 83.5% YoY as Polysilicon Prices Drop

The company’s polysilicon average selling price was recorded at $12.33 per kg in Q2 2023

August 4, 2023

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China-based photovoltaic (PV)-grade polysilicon manufacturer Daqo New Energy Corporation, in the second quarter (Q2) of the financial year (FY) 2023, reported a net income of $103.7 million, an 83.5% decrease from $627.8 million in the corresponding period in 2022.

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Gautamee Hazarika

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Daqo New Energy’s Q2 Net Income Plunges 83.5% YoY as Polysilicon Prices Drop

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