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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

17. EARNINGS PER SHARE

The calculation of earnings per share is as follows:

 

                         
     Year ended December 31,  
     2010      2011      2012  

Net income (loss) attributable to Daqo New Energy Corp.

    $ 65,271,257       $ 33,323,952       $ (111,928,941 ) 

Numerator used in basic and diluted earnings per share:

                           

Net income (loss) attributable to Daqo New Energy Corp. ordinary shareholders-basic

    $ 54,691,886       $ 33,323,952       $ (111,928,941 ) 

Net income (loss) attributable to preferred shareholders for participating rights to dividends-basic

    $ 10,579,371       $ -         $ -     
    

 

 

     

 

 

     

 

 

  

Net income (loss) attributable to Daqo New Energy Corp. ordinary shareholders-diluted

    $ 65,271,257       $ 33,323,952       $ (111,928,941 ) 
    

 

 

     

 

 

     

 

 

  

Denominator used in basic and diluted earnings per share:

                           

Weighted average number of ordinary shares outstanding used in computing earnings per share-basic

      117,839,487         175,714,103         175,067,343   

Weighted average ordinary shares as if converted by Series A convertible redeemable preferred shares-basic

      22,794,380         -           -     

Share options

      92,456         -           -     
    

 

 

     

 

 

     

 

 

  

Weighted average number of ordinary shares outstanding used in computing earnings per share-diluted

      140,726,323         175,714,103         175,067,343   
    

 

 

     

 

 

     

 

 

  

NET INCOME (LOSS) ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE-Basic

    $ 0.46       $ 0.19       $ (0.64 ) 
    

 

 

     

 

 

     

 

 

  

NET INCOME (LOSS) ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE-Diluted

    $ 0.46       $ 0.19       $ (0.64 ) 
    

 

 

     

 

 

     

 

 

  

Outstanding 2,295,000, 6,805,000 and 7,179,500 employee options were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive for the year ended December 31, 2010, 2011 and 2012, respectively.