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Daqo New Energy Publishes Annual Report on Form 20-F for 2024

On April 29, 2025, Daqo New Energy Corp. (NYSE: DQ) made an important announcement regarding its financial performance and operational highlights by filing its annual report for the fiscal year ending December 31, 2024, with the Securities and Exchange Commission (SEC). This report, structured in Form 20-F, comes as a key regulatory requirement highlighting the company’s commitment to transparency and accountability for its stakeholders.

Overview of Daqo New Energy Corp.

Daqo New Energy is recognized globally as a premier manufacturer of high-purity polysilicon, which plays a crucial role in the solar photovoltaic (PV) industry. Established in 2007, Daqo has cemented its place in the market as one of the lowest-cost producers, helping to drive the transition toward sustainable energy solutions. The company boasts a remarkable polysilicon production capacity of 305,000 metric tons, catering mainly to photovoltaic manufacturers who transform polysilicon into various products, including ingots, wafers, cells, and modules, essential for harnessing solar energy.

Accessing the Annual Report

The comprehensive annual report contains not only audited consolidated financial statements but also a wealth of information detailing the company’s operational performance, strategic direction, and risk factors affecting the business. Interested parties can view and download the report directly from the SEC's website at www.sec.gov or through Daqo's dedicated investor relations page located at Daqo Investor Relations.

Daqo New Energy encourages its shareholders to request a physical copy of the annual report. Requests can be made by mail to their Investor Relations department situated at:

Daqo New Energy Corp.
Investor Relations
Unit 29, Huadu Building
838 Zhangyang Road
Pudong District
Shanghai, China, 200122

Financial Highlights

While specific numbers from the report remain undisclosed prior to the release, Daqo’s consistent growth trajectory in the past indicates sustained revenue generation and robust operating margins. Investors are keenly anticipating insights into demand fluctuations in the global PV market, potential expansions in production, and advancements in technology that could further lower production costs.

The report is expected to shed light on how Daqo navigates challenges and capitalizes on emerging opportunities within a rapidly evolving energy landscape. With the sentiment in the renewable energy sector leaning positively, Daqo is well-positioned to leverage its strategic advantages in the polysilicon market.

Future Outlook

Looking ahead, Daqo New Energy remains focused on scaling its production capabilities to meet the growing demands for renewable energy technologies. The company's commitment to efficiency, cost reduction, and environmental sustainability is expected to resonate well with industry trends as the world continues to pivot towards greener energy solutions.

This annual report is not just a fiscal summary; it's a reflection of Daqo's vision for the future, showcasing their dedication to innovation and sustainability in the energy sector. Shareholders and potential investors alike are encouraged to pay close attention to the details unveiled in this critical document.

In conclusion, Daqo New Energy's filing of its annual report marks a significant step in reinforcing its commitment to transparency and growth as a key player in the global renewable energy arena.