On December 2, Daqo Energy released a record of investor relations activities. In terms of operations, the company's business performance improved significantly. In the third quarter of 2025, the company achieved operating revenue of Yuan 17.73 billion, with net profit attributable to shareholders reaching Yuan 730 million. Both year-on-year and quarter-on-quarter comparisons showed a shift from loss to profit, while net cash flow from operating activities also turned positive, reflecting enhanced overall profitability. During the reporting period, polysilicon production amounted to 31,000 metric tonnes, with sales reaching 42,000 metric tonnes, resulting in a production-to-sales ratio rising to 138%. The efficiency of asset operations continued to improve.
In terms of costs, the company achieved outstanding results in cost reduction and efficiency enhancement. In Q3, the unit cost of polysilicon was Yuan 46.04 per kilogram, and the unit cash cost was Yuan 34.63 per kilogram. Both indicators showed significant year-on-year and quarter-on-quarter declines, further strengthening the company's cost competitiveness.
Edited by Cassie Li, lixiangying@mysteel.com
